A term that everyone, especially in the investment world, should get familiar with is “normalcy biasâ€. 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
Redmond is the director of the Ludwig von Mises Institute of Canada.
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
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
Tune in to Schiffradio.com tomorrow to hear guest host Stefan Molyneux Redmond is the director of the Ludwig von Mises Institute of Canada.
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,
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
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
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
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
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
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.
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,
[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
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
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
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
New Comments on Mises Canada