Archive for May, 2012

Tim Hortons and Lessons in Government Inefficiency

Thursday, May 31st, 2012 by posted in Capitalism, Economics, Regulation.
Tim Hortons

Tim Hortons is Canada’s largest fast food chain.  It has over 3,000 stores across the country; twice the number of McDonald’s.  The multi-million dollar brand is most famous for its donuts and coffee.  With such popularity and profitability, it would

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On The Existential Threat of Krugmanomics

Thursday, May 31st, 2012 by posted in Economics.
Krugman teaser

Bad ideas need a lot of marketing to make their sale possible. Good ideas, on the other hand, sell themselves. In economic terms bad ideas lead to ruin; while good ones are simply the discovery of a natural law of

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The Juice that Defied an Empire

Wednesday, May 30th, 2012 by posted in Capitalism, Economics, Events, History.
pomw

What’s great about POM Wonderful? Sure, this pomegranate juice tastes great. POM is one of the few drinks that seems to have the same scrunch-up-your-mouth effect that you get with a bold dry red wine. When I was a kid,

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Book Launch – “The Locavore’s Dilemma”

Wednesday, May 30th, 2012 by posted in Economics, Environment, Politics, Trade.
LD-Small

Tuesday, June 5, 2012 5:30 – 7:00PM Join the Institute for Liberal Studies, Mises Canada, and authors Pierre Desrochers and Hiroko Shimizu to celebrate the launch of their book “The Locavore’s Dilemma”. There will be a short talk, followed by

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Central Planners and Pagodas

Wednesday, May 30th, 2012 by posted in Capitalism, Politics, Regulation.
pagoda teaser

Not long ago I attended an interesting presentation by an engineer who had the job of promoting the use of wood in the construction of commercial and industrial buildings.  Traditionally, wood has not been used to a great extent outside

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Obama’s Despotism and Kill List

Tuesday, May 29th, 2012 by posted in Foreign Policy.
King Obama

Imagine the following situation:  a brutal dictator of some Middle Eastern country has devised a type of hit list on which he is able to place individuals who are to be assassinated on the government’s dime.  There is no due

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Memory Hole: Socialist Failures

Tuesday, May 29th, 2012 by posted in History.
communist propaganda teaser

Reprinted from LewRockwell.com What is the longest-running socialist experiment? What has its success been? If someone asked you to defend the idea that socialism has failed, what would you offer as your example? Where did modern socialism begin? In America.

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On the blanket guarantee for Euro deposits

Tuesday, May 29th, 2012 by posted in Economics.

Click here to read this article in pdf format: May 29 2012 In our last letter, we dealt with the issue of (EUR/USD) liquidity in the capital markets and although we described some facts, we did not mention a relevant one:

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Barry Ritholtz Mistaken on FDIC

Monday, May 28th, 2012 by posted in Banking, Capitalism, Economics.
FDIC

Does the banking industry operate under the confines of genuine capitalism? For the contemporary leftist thinker, the financial crisis was caused by the imprudence and recklessness of Wall Street.  The lack of government regulation over such instruments as subprime mortgages

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Paul Krugman(unknowingly?) describes the Global Warming Campaign

Monday, May 28th, 2012 by posted in Capitalism, Economics, Environment.
Paul Krugman(unknowingly?) describes the Global Warming Campaign

More from our favourite Keynesian. PAUL KRUGMAN, NEW YORK TIMES: This is hard to get people to do, much better, obviously, to build bridges and roads and healthcare clinics and schools. But my proposed, I actually have a serious proposal

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JPMs Billions: Can’t Win For Losing

Monday, May 28th, 2012 by posted in Banking, Capitalism.
JP Morgan teaser

Reprinted with permission from industrialprogress.net Wall Street speculators are reviled for supposedly profiting on others’ economic hardships. (Here is how speculation actually works). Oil prices go up, it’s speculators’ fault, and we need more controls. So you’d think if speculators

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A Freedom Perspective of Unions

Saturday, May 26th, 2012 by posted in Civil Liberties.

Unions Should not be Banned Many people feel that due to the powerful and coercive nature of unions, they should be banned. Others think that at the very least there should be laws limiting the more harmful behavior of unions

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Washington D.C.’s High Life Leeches

Saturday, May 26th, 2012 by posted in Economics, Politics, Regulation.
614-00891307

The Associate Press recently reported that half of all new college graduates are either unemployed or underemployed.  These fresh faced Bachelor degree holders are finding themselves opting for waiting tables and serving coffee just to pay off a trillion dollars

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Introduction to Economics

Friday, May 25th, 2012 by posted in Capitalism, Economics, Regulation, Socialism.

If you are new to the subject, this article will be for you. You will find no complicated formulas or theories here, just a few basic concepts. There will be some in depth explanations and examples through the embedded links for those

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What the Nazis Borrowed from Marx

Friday, May 25th, 2012 by posted in Epistemology, Philosophy, Politics.
marx engels teaser

Reprinted from Mises.org [Omnipotent Government (1944)] The Nazis did not invent polylogism. They only developed their own brand. Until the middle of the 19th century no one ventured to dispute the fact that the logical structure of mind is unchangeable

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The Taxpayer Funded PR Campaign for Obamacare Begins

Thursday, May 24th, 2012 by posted in Capitalism, Politics, Regulation.
obama doctor

Only in public schools and universities is the fairly tale still taught that governments are representative of the people.  The blue collared man on the street realizes the chips are stacked against him.  For those who don’t have political connections,

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Mises Canada Meets in May

Thursday, May 24th, 2012 by posted in Uncategorized.
35canada002

The Toronto meet is being held at Paupers Pub – Thursday, May 24, 2012 7:00pm until 11:00pm At Paupers Pub 539 Bloor St. West, Toronto, ON M5S 1Y6 Second Floor, at the back. Speakers include Chris Horlacher of  Maple Leaf Metals and Dan Simon of Euro Pacific

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It’s 1980 Again

Thursday, May 24th, 2012 by posted in Banking, Economics.
gold silver teaser

Reprinted from Mises.org Floyd Norris writes for the New York Times that it’s 1980 all over again. Discussion of gold has gone from nonexistent a decade ago to the question of whether its price is in bubble territory, and now

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The Inhumane Nature of Anti-Scab Legislation

Wednesday, May 23rd, 2012 by posted in Capitalism.
scab

Today, workers of the Canadian Pacific Railway went on strike.  According to the Teamsters Canada Rail Conference, the union which represents the CP workers, the strike is mainly over management’s attempt at “watering down existing defined benefit pensions and placing

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The Anti-Capitalistic Mentality of the New York Times

Wednesday, May 23rd, 2012 by posted in Capitalism.
new york times teaser

Reprinted with permission from Acting-Man.com A Faible for Socialism We have often remarked on the soft spot the New York Times has for socialism. It is after all the ideology that is most popular among the self-proclaimed intelligentsia, as can

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