Archive for April, 2012

Conventional Thinking and Denial

Wednesday, April 11th, 2012 by posted in Banking, Capitalism, Economics.
Ostrichman

A term that everyone, especially in the investment world, should get familiar with is “normalcy bias”.  Described succinctly, it’s the state of mind where people think that because something hasn’t happened that it never will.  People suffering from normalcy bias

No comments yet

Redmond Weissenberger on the Peter Schiff Show

Wednesday, April 11th, 2012 by posted in Banking, Capitalism, Economics, History.

Redmond is the director of the Ludwig von Mises Institute of Canada.

1 comment

Solar Energy: Going for Broke

Wednesday, April 11th, 2012 by posted in Capitalism, Environment, Politics.
solar_panels

Every environmentalist drools over it, every physicist and engineer breaks into a dreamy sweat when they think about it, and every politician has fallen completely head-over-heels in love with it:  solar photo-voltaic (PV) energy.  What on earth could be more

5 comments

Picking a Fight With a 12 Year-Old Greenbacker

Wednesday, April 11th, 2012 by posted in Banking, Economics.

For the record, I do not make a habit of calling out 12 year-old girls on the internet. However, I believe this is one instance that occasions it. You may have seen this video circulating on YouTube. It is entitled

29 comments

Canadians Open to More Thievery To Enforce a More Unequal Society

Tuesday, April 10th, 2012 by posted in Philosophy, Politics.

Or at least that’s how the following Globe and Mail headline should read: “Canadians Open to Tax Hikes to Create More Equal Society, Poll Finds” Canadians are concerned about what they see as a growing gap between the rich and

No comments yet

Stefan Molyneux will be hosting the Peter Schiff show tomorrow!

Tuesday, April 10th, 2012 by posted in Uncategorized.

Tune in to Schiffradio.com tomorrow to hear guest host Stefan Molyneux Redmond is the director of the Ludwig von Mises Institute of Canada.

No comments yet

Remembering Corporate Liberalism

Tuesday, April 10th, 2012 by posted in Capitalism, History, Politics, Regulation, Socialism.
Obama new new deal

Originally appeared at Austro-Athenian Empire The main plotline of the Star Wars prequel trilogy concerns an apparent conflict between the central government (the Senate) on the one hand and a coalition of mercantile interests (the Trade Federation, the Commerce Guild,

No comments yet

HuffPo And The Untenable Anti-Capitalistic Mentality

Monday, April 9th, 2012 by posted in Capitalism, Economics.

Lynn Parramore has co-authored a blog article over at HuffPo Canada entitled Capitalism’s Dirty Secret: Corporations Don’t Create Good Jobs Anymore, They Destroy Them. Her biography mentions that “she holds a doctorate in English from New York University, where she

4 comments

Was the Air Canada Clamp Down Justified?

Monday, April 9th, 2012 by posted in Capitalism, Regulation, Socialism.

Last month, the Canadian Parliament passed “back-to-work” legislation in an effort to stop any work stoppages at the country’s largest airline Air Canada.  This act was in response to an earlier threat by the airline to lock out pilots whose

1 comment

Free Market vs All You Can Eat Buffet

Monday, April 9th, 2012 by posted in Economics, Lifestyle.
buffet

I consider scarcity one of the first truths of economics.  When goods are scarce (meaning that there is not an unlimited supply) it allows the pricing mechanism to handle how these scarce goods should be utilized in the most efficient

No comments yet

President Obama’s Pretzel Logic

Monday, April 9th, 2012 by posted in Capitalism, Economics.
obama confused

Originally posted at LewRockwell.com As this fall’s presidential election takes shape as a contest between Barack Obama and Mitt Romney, the rhetoric out of both camps is becoming sharper and more ideological. Looking to exploit Governor Romney’s increasingly close association

No comments yet

We’re getting closer…

Monday, April 9th, 2012 by posted in Economics.

As Easter approached, we began to see a timid sell off in US stocks (but not so timid in Europe or Canada), in corporate debt, and in Treasuries. Treasuries later in the week rallied, but if you ask, we would

1 comment

Canadians Not Mislead On F-35 Cost, Just An Issue of “Accounting”

Sunday, April 8th, 2012 by posted in Foreign Policy, Politics.

Talk about Orwellian. Lying comes naturally to politicians.  The path to public office is paved with broken promises and digging up dirt on opponents.  If the state is, as Rothbard opined, “the organization of robbery systematized and writ large,” then

1 comment

Ottawa Mises Meet Up

Saturday, April 7th, 2012 by posted in Uncategorized.

Just a reminder for everyone that the Ottawa Mises Circle meet up will be this evening at the Cornerstone Bar and Grill in the Byward Market. That is on 92 Clarence Street, at 7:30. Hope you can all come down.

3 comments

If You Don’t Believe In Man-Made Global Warming, You Are No Better Than A Racist

Friday, April 6th, 2012 by posted in Environment, Politics.
Norgaard

Oregon University professor Kari Norgaard has made headlines with a controversial paper claiming that global warming skeptics are plagued by an “aberrant sociological behavior.”  From the Daily Mail: Sociology and environmental studies professor Kari Norgaard wrote a paper criticising non-believers,

3 comments

The Vampire Economy and the Market

Friday, April 6th, 2012 by posted in Capitalism, Economics, Politics, Socialism.
Nosferatu

[This article was originally published in New Perspectives in Political Economy, the academic journal of CEVRO Institute (School of Legal and Social Studies), vol. 7(1), pp. 141–154. Reposted on mises.org, Wednesday, March 21st, 2012.] 1. Authoritarian Capitalism (Fascism) and Liberal

No comments yet

Mark Carney: Banking On Demand

Friday, April 6th, 2012 by posted in Banking, Economics.

Bank of Canada Governor Mark Carney addressed the Greater Kitchener Waterloo Chamber of Commerce this past Monday. In his remarks, he admits that purposive efforts by the central bank to increase “domestic demand” have put Canadians on a path to

3 comments

Bernanke- Still Market Manipulator Extraordinaire

Thursday, April 5th, 2012 by posted in Banking, Economics.

But not in the way he might like. Last Tuesday saw the release of Federal Reserve’s latest Federal Open Market Committee minutes which brought a halt to the current stock market bull rally.  The reason? From Seeking Alpha: On April

No comments yet

19,200 Federal Jobs to Be Eliminated- Good Riddance!

Thursday, April 5th, 2012 by posted in Economics, Politics.
government employee

Starting this week, 19,200 federal jobs in Canada are set to begin the process of elimination.  Of the 19,200 positions, 12,000 workers will be getting pink slips.  This is fantastic news and worthy of celebration.  Yet Prime Minister Stephen Harper’s

3 comments

Peter Schiff gives Bernanke a history lesson

Thursday, April 5th, 2012 by posted in Banking, Capitalism, Economics, Education, History.

Peter Schiff of Euro Pacific Capital educates students about the true nature of the Fed. “Ben Bernake fancies himself as a student of the Great Depression,” says renowned investment broker, global strategist, author, and Austrian economist Peter Schiff, “but… if

No comments yet