Archive for October, 2012

Hobsbawm’s Choice

Wednesday, October 31st, 2012 by posted in History, Socialism.
Eric-Hobsbawm teaser

Reprinted from Taki’s Magazine They played “The Internationale” at Wednesday’s funeral of Eric Hobsbawm, Britain’s “greatest historian.” No one took offense. Indeed, all felt uplifted. The mourners at the crematorium in Golders Green, London’s Jewish heartland, included Labour Party leader

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The Ethics of Halloween

Tuesday, October 30th, 2012 by posted in Economics, Trade.

  Every Halloween people are engaging in free-market anarchism whether they like it or not. To the economist, it’s clear that the child values receiving candy, even if it means dressing up in a funny or scary costume and going


The Squareless Manifesto/Le Manifeste Des Pas-de-Carré

Tuesday, October 30th, 2012 by posted in Capitalism, Civil Liberties, Education.
quebec student riot

Since the beginning of the student boycotts in Quebec, two main factions have been arguing. There are the red squares (carrés rouges, because tuition hike puts them “squarely” in the red): the noisiest ones, the uncompromising collectivists[1], those for whom

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You Will Be Betrayed

Tuesday, October 30th, 2012 by posted in Politics.
Obama Romney teaser

Reprinted from Laissez Faire Today My neighborhood is filling up with political yard signs. Vote for this guy! Vote for that guy! I can’t understand why people are willing to give up precious real estate on their front lawns, make


Is There A Choice Between Rights and Security?

Monday, October 29th, 2012 by posted in Civil Liberties, Foreign Policy, Philosophy.
stop drones

In an impromptu interview with Luke Rudkowski of the media organization WeAreChange, MSNBC host Lawrence O’Donnell was asked why he has failed to report or comment on President Obama’s use of the Espionage Act and the signing of the National

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Anti-Oil Sands: Perverse Ethics in the Name of the Environment

Monday, October 29th, 2012 by posted in Environment, Law, Regulation.
oil sands teaser

Reprinted from The duplicity and hypocrisy of environmental pressure groups seem to be matched only by their consummate skill at manipulating public opinion, amassing political power, securing taxpayer-funded government grants, and persuading people to send them money and invest

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A case for legalizing insider trading

Saturday, October 27th, 2012 by posted in Economics.
front image Oct 27 2012

(republished from “A View from the Trenches“) Please, click here to read this article in pdf format: October 27 2012 In the past weeks, there has been a “revival” of news related to high-profile inside trading cases. And in an informal


RBC complicit in the LIBOR scandal?

Friday, October 26th, 2012 by posted in Banking, Regulation.

U.S. state officials have issued a subpoena to the Royal Bank of Canada (among others) for participation in the LIBOR scandal. In addition, various Canadian regulatory bodies (including the Competition Bureau, an oxymoron if there ever was one) have launched

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The Modern Greek Ruins…

Friday, October 26th, 2012 by posted in Capitalism, Economics, Politics, Socialism.

I guess this is what the German taxpayers are being asked to pay for… only 8 years later, and the Greek Olympic facilities are decaying. For information, check out Huffington Post   Redmond is the director of the Ludwig von Mises Institute of


Capitalism as the Only Way

Friday, October 26th, 2012 by posted in Capitalism, Economics.
port painting teaser

[This article is excerpted from Liberalism, Chapter 2] 6. Capitalism: The Only Possible System of Social Organization Every examination of the different conceivable possibilities of organizing society on the basis of the division of labor must always come to the

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Ambrose Evans-Pritchard and the Greenbackers

Thursday, October 25th, 2012 by posted in Economics.
money printing

In a recent article for The Telegraph, Ambrose Evans-Pritchard considers a recent IMF paper that, in his words, has “begun to acquire a cult following around the world.”  This working paper, written by Jaromir Benes and Michael Kumhof, applies an


Ayn Rand, Pygmies, and Collectivism

Thursday, October 25th, 2012 by posted in Economics, History, Law.
pygmie hunt teaser

In his recent article “Ayn Rand versus the Pygmies,” Slate’s Eric Michael Johnson attempts to show that individualism is incompatible with human nature by telling a story of the Mbuti pygmies of the Congo on a hunt. The story unfolds

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Austrian AV Club – Bob Murphy on the Nobel Prize and the US Dollar

Wednesday, October 24th, 2012 by posted in Capitalism, Economics, Education, Politics, Socialism.

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

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Presidential Debates and Global Warming

MoS2 Template Master

One thing that those of us who keep tabs on the environmental debate and it’s effect on individual liberty have noted in the latest series of Presidential debates is the complete lack of mention of the Global Warming and Climate

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HuffPo’s 11 Myths About the Fed, Refuted

Wednesday, October 24th, 2012 by and posted in Economics, History, Regulation.
Federal Reserve symbol teaser

Reprinted from Liberty Classroom The other day the Huffington Post ran an article by a Bonnie Kavoussi called “11 Lies About the Federal Reserve.” And you’ll never guess: these aren’t lies or myths spread in the financial press by Fed

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Does Mark Carney Know What He’s Doing?

Tuesday, October 23rd, 2012 by posted in Capitalism, Economics.

Columnist Joe Castaldo of Canadian Business asks this same question. While I can’t answer with one hundred percent certainty that Carney doesn’t know what’s he doing, I can infer from his actions. If Austrian economics is considered the only “school”


Not All ‘End the Fed’ People Quite Get It

Tuesday, October 23rd, 2012 by posted in Capitalism, Economics.
printing money small teaser

Reprinted from Several days ago I managed to get myself drawn into a Facebook exchange with someone who opposes the Federal Reserve and the current banking system in general for not quite the right reasons. Thus the Fed is

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Hegel: The State as God’s Will

Monday, October 22nd, 2012 by posted in History, Socialism.
Hegel teaser

[Reprinted from This article is excerpted from volume 2, chapter 11 of An Austrian Perspective on the History of Economic Thought (1995). An MP3 audio file of this chapter, narrated by Jeff Riggenbach, is available for download.] Typically, determinist

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The Arab Spring and the Romanticism of Revolution

Sunday, October 21st, 2012 by posted in History, Law, Politics, Socialism.
arab spring

When the so-called Arab Spring erupted in late 2010, it was lauded by the Western media as a triumph for freedom and democracy.  Here was a group of nations traditionally ruled through various forms of theocracy and dictatorship where the

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The Canadian Bank Bailout

Sunday, October 21st, 2012 by posted in Banking, Economics, History.

This will come as no surprise to regular readers, but in the chance that you happened to find this post via Google or some other search engine, allow me to describe as plainly as possible the hows and whys of