Archive for August, 2012

Liberalism and Capitalism

Friday, August 31st, 2012 by posted in Capitalism, Philosophy.
factory office teaser

[This article is excerpted from Liberalism, the introduction.] 3. Rationalism Liberalism is usually reproached, besides, for being rationalistic. It wants to regulate everything reasonably and thus fails to recognize that in human affairs great latitude is, and, indeed, must be,

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Paul Krugman’s Mis-Characterization of the Gold Standard

Thursday, August 30th, 2012 by posted in Banking, Capitalism, Economics, History.
Krugman

With a price hovering around $1,600 an ounce and the prospect of “additional monetary accommodation” hinted to in the latest meeting of the Federal Reserve’s Federal Open Market Committee, gold is once again becoming a hot topic of discussion. George

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Bastiat Misread

Thursday, August 30th, 2012 by posted in Capitalism.
bastiat teaser

Reprinted from the Freeman It’s always good to see Frédéric Bastiat discussed outside of libertarian circles, because even when his views are misstated, the mere mention of his name might prompt curious readers to check him out for themselves. That

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Universal Mediocrity

Wednesday, August 29th, 2012 by posted in Capitalism, Economics, Health Care.
NHS teaser

Reprinted from City Journal In April, the British Medical Journal published “How the NHS Measures Up to Other Health Systems,” a report about two studies conducted by the New York–based Commonwealth Fund that compared the health-care systems of 14 advanced

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The Twelve Labours of Finance Students

Tuesday, August 28th, 2012 by posted in Education.
Student-Finance

As for any bubble, in order to manage to make a buck, you need to get in early. That’s what people who started working in finance in the late 70’s did. Ten years after the US delinked the USD from

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Restoring Capitalism to the Capitalists

Tuesday, August 28th, 2012 by posted in Capitalism, Economics.

Last week Mark Carney gave a speech to the Canadian Auto Workers union; the Bank of Canada has posted Carney’s speech on their website. There’s a line that I’d like to address: We must address, once and for all, the

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Letter to the Liberals

Tuesday, August 28th, 2012 by posted in Civil Liberties, History.
peace teaser

Written in 1896, this letter is available in Tolstoy On Civil Disobedience and Non-Violence. Note by Translator:  This letter was addressed to a Russian lady who wrote to Tolstoy asking his advice or assistance when the “Literature Committee,” Komitet Gramotnosti,

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In Defense of Liberty Extremism

Monday, August 27th, 2012 by posted in Lifestyle, Philosophy, Politics.
peaceful protest

It’s a safe statement to make that when Mitt Romney is finally crowned the GOP nominee for president during the Republican National Convention, any vestige of liberty will be firmly wiped away from the ballot box come this November.  For

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Ron Paul: A Man of Character

Monday, August 27th, 2012 by posted in Civil Liberties, Politics.

It’s not often that you find someone in politics that has the character to do what’s right, and stand by what he believes regardless of the consequences to his career. It takes courage to stand up for what you believe in

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“Dead Money” & The Circular-Flow Fallacy

Monday, August 27th, 2012 by posted in Capitalism, Economics, Regulation.

“This is dead money,” said Mark Carney during a press conference after his speech last Wednesday to the Canadian Auto Workers union. He was referring to the $600 billion in unused cash being held by non-financial Canadian companies. Since the

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The Dialetic of Destruction

Monday, August 27th, 2012 by posted in Economics, History.
Marx teaser

[This article is excerpted from volume 2, chapter 10 of An Austrian Perspective on the History of Economic Thought (1995) Reprinted from Mises.org] Some might protest that, in our discussion of communism, we have not mentioned the feature that is

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Mark Carney’s Zero-Sum Game

Saturday, August 25th, 2012 by posted in Capitalism, Regulation.
Carney

Mark Carney’s recent speech to the Canadian Auto Workers union was quite revealing of the prevailing misunderstanding much of the public still has with simple economic reason.  As Governor of the Bank of Canada, Carney went before the autoworkers in

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The Theory of Liberalism

Friday, August 24th, 2012 by posted in Capitalism, Philosophy, Politics.
Mises teaser

[This article is excerpted from Liberalism, the introduction.] 1. Liberalism The philosophers, sociologists, and economists of the eighteenth and the early part of the nineteenth century formulated a political program that served as a guide to social policy first in

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Private Property in the Arctic

Thursday, August 23rd, 2012 by posted in Economics, Environment.

As Prime Minister Harper wraps up his week-long tour of the Arctic territories, the emphasis has been on balancing economic development with environmental sustainability. While those on the Left criticize the Conservative’s environmental record, the establishment media seem more concerned

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August Mises Canada Meet Toronto

Thursday, August 23rd, 2012 by posted in Uncategorized.
Gold-Bug-2-controlpanel

The Toronto meet is being held at Paupers Pub – Thursday, August 23, 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

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Lunatic Sorcery

Thursday, August 23rd, 2012 by posted in Banking, Economics.
Federal Reserve teaser

Reprinted from LewRockwell.com The three Federal Reserve presidents of the Federal Reserve Banks of Boston, Chicago and San Francisco want the Federal Open Market Committee (FOMC) to start a new round of security purchases by the Federal Reserve. Eric S.

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Law Enforcement is Not Your Friend

Wednesday, August 22nd, 2012 by posted in Capitalism, Law.
protect-and-serve

Across the West, instances of abuse of authority by domestic police forces are becoming more prevalent.  Two weeks ago, two police officers in my hometown accosted my brother as he walked back to his car after purchasing a six pack

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Clamping Down on the Joneses

Wednesday, August 22nd, 2012 by posted in Banking, Capitalism, Economics.
Luxury House teaser

Reprinted from Mises.org Robert Frank is a Cornell University economist who has written a series of books and articles kvetching about the enormous social damage allegedly wrought by competition in American life. One of Frank’s more remarkable arguments is that

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The Economic Consequences of Drug Prohibition

Tuesday, August 21st, 2012 by posted in Civil Liberties, Economics, Law, Politics, Regulation, War on Drugs.
War on Drugs

PDF version: consequences of drug prohibition The Economic Consequences of Drug Prohibition The drug trade is one of the most discussed issues both internationally and domestically. The term “drug trade” refers to every aspect of illicit drugs, from their cultivation

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Mark Carney Speaks and Inflation is Low

Tuesday, August 21st, 2012 by posted in Capitalism, Economics, Regulation, Trade.

Last Friday Statistics Canada reported that the Consumer Price Index had declined despite modest gains in consumer prices. Combined with other data, mainstream economists and financial journalists have interpreted this to mean that inflation is low. Bank of Canada Governor

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