Archive for June, 2012

Regulating the Radically Unknown

Friday, June 29th, 2012 by posted in Banking.
coins banking teaser

A Spanish translation/version of this essay was presented at the V Conference of Austrian Economics, hosted by the Instituto Juan de Mariana, on 20 June 2012.  Published with permission from History has recurrently shown that banking regulations do not

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The Supreme Court and Natural Law

Thursday, June 28th, 2012 by posted in Law, Politics.

I won a bet today. A few weeks ago I wagered with a coworker that the United States Supreme Court would uphold the Affordable Care Act otherwise known as Obamacare.  He reasoned that the federal government has no authority under


Tariffs as Welfare State Economics

Thursday, June 28th, 2012 by posted in Capitalism, Economics.
Yonge_Street_Dock_1906 teaser

Reprinted from (for readers, substitute “America” with “Canada” as economic laws aren’t limited by arbitrary national boundaries) I have found over the years that when I debate with people who promote tariffs, meaning sales taxes on imported goods

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The Politics of Shared Sacrifice

Wednesday, June 27th, 2012 by posted in Economics, Politics.

It’s no secret that economic conditions around the world are deteriorating.  The Eurozone crisis rages on without any tangible solution being offered by the bickering technocrats.  China’s inflation fueled property bubbles continues to deflate with the People’s Bank of China

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Tom Woods’ 90 Second Challenge to Free Marketers

Wednesday, June 27th, 2012 by posted in Events.
Tom Woods

Support!   James E. Miller is editor-in-chief of Mises Canada. Send him mail

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It Is NOT The People’s Fault

Wednesday, June 27th, 2012 by posted in Politics, Regulation.
no-plastic-bags teaser

Ah, the blame game.  Who is to blame for the recent plastic bag ban in Toronto?  According to the National Post article by Terence Corcoran, the list of possible suspects worthy of condemnation is rather long. Maybe the science-be-damned environmentalists

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What To Do About A Growing Police State

Tuesday, June 26th, 2012 by posted in Law.
police badge

Everywhere you look it seems bath salts are becoming the hot new target of political drug warriors.  Just last month the U.S. Senate voted 96-1 to outlaw the synthetic chemicals used in the making of the hallucinogenic salts.  The measure

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A Breach of Contract

Tuesday, June 26th, 2012 by posted in Politics.
Constitution burning teaser

Originally published at Imagine that you have agreed with an auto dealer to purchase the luxurious Belchfire X-1 automobile, for which you agree to pay $45,000, with monthly payments to extend over a period of three years. You sign

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Alchemy By Other Means

Monday, June 25th, 2012 by posted in Economics.
paper money teaser

Reprinted from Lapham’s Quarterly, originally written in 1786 and appeared in The Complete Writings of Thomas Paine I remember a German farmer expressing as much in a few words as the whole subject of paper money requires: “Money is money,

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General market comments

Monday, June 25th, 2012 by posted in Economics.

We are as deceived as you are with the policy decisions undertaken by the European Union (EU) and the US. As we muddle through their consequences, today we take a moment to offer a few thoughts… -On the EU: Banking


Wallenda vs. The Egalitarians

Saturday, June 23rd, 2012 by posted in Civil Liberties, Law, Lifestyle, Philosophy, Regulation, Socialism.

“Egalitarianism” is just a code for envy. Nothing bothers egalitarians more than other people’s superiority in one way or another. Thus they commit themselves to reducing everyone else to abilities lower than those attainable to them, and in doing so

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The Death of Banking and Future of Money

Friday, June 22nd, 2012 by posted in Banking.
bitcoin teaser

Reprinted from Whiskey & Gunpowder Banks are something between dinosaurs and vampires. One thing is now clear to even the most casual observer: banks are not capitalist businesses. In their present incarnation they have little to do with the free

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Trade Deficits and the Freedom of Choice

Thursday, June 21st, 2012 by posted in Economics, Trade.

Alan Uke, author of Buying America Back: A Real-Deal Blueprint for Restoring American Prosperity, has published an article at The Huffington Post entitled The High Cost of Cheap Imports. Here he claims that the current economic crisis in America is due to its balance

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Propaganda, Lies, and War

Thursday, June 21st, 2012 by posted in Foreign Policy.
Mahmoud Ahmadinejad

If I asked what the cause of the American Civil War was, would your first answer be slavery?  Would it surprise you to know that slavery was only one grievance the South had with the Lincoln administration? Up until the


Three New Deals: Why the Nazis and Fascists Loved FDR

Thursday, June 21st, 2012 by posted in Capitalism, Economics, Regulation.
roosevelt stalin teaser

Reprinted from Three New Deals: Reflections on Roosevelt’s America, Mussolini’s Italy, and Hitler’s Germany, 1933-1939. By Wolfgang Schivelbusch. Metropolitan Books, 2006. 242 pgs. Critics of Roosevelt’s New Deal often liken it to fascism. Roosevelt’s numerous defenders dismiss this charge as

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NRP: Narcoleptic Raiders of the Public

Wednesday, June 20th, 2012 by posted in Civil Liberties, Law, Regulation, Socialism, War on Drugs.

Cops. We are told that their job is to “serve and protect.” Yet they don’t quite tell us who or what. Sure, they they fight the wars on drugs, prostitution, and countless other activities people like doing, but they certainly

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The So-Called Private Economy

Wednesday, June 20th, 2012 by posted in Capitalism, Economics, Regulation.
businesspeople teaser

Republished from Laissez Faire Today “The private economy is doing fine.” Those were the words of President Obama that unleashed a torrent of political hysteria. The Romney campaign immediately blasted him for suggesting that things are just hunky-dory, and he

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Public-Private Partnership: Another Phrase for Fascism

Tuesday, June 19th, 2012 by posted in Capitalism, Economics, Regulation, Socialism.

The word “privatization” is a loaded term these days.  Unions and big government worshippers scoff at the idea of any public services being in the hands of ruthless, greedy capitalists.  The left has the distorted view that people in the

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Is Canada Suffering from Dutch Disease?

Tuesday, June 19th, 2012 by posted in Capitalism, Economics, Regulation, Socialism.

From the Winnipeg Free Press: Resource-rich provinces such as Alberta, Saskatchewan and Newfoundland and Labrador have prospered, while others have fallen behind, in part because a commodity boom has strengthened the Canadian dollar, hurting exchange-sensitive sectors such as manufacturing and tourism.


Austrian Economics and the Financial Crisis

Tuesday, June 19th, 2012 by posted in Economics.
mises hayek teaser

The following has been adapted from a slideshow presentation given at a symposium on Marginal Revolutionaries: The Mainstream Economics Crisis and Heterodox Approaches  held at the Canadian Economics Association annual meeting in Calgary, Alberta on Friday, June 8, 2012. Good