Archive for December, 2012

The Marxian Doctrine of “Ideology”

Monday, December 31st, 2012 by posted in History, Philosophy, Socialism.
marx ideology teaser

[This article is excerpted from volume 2, chapter 12 of An Austrian Perspective on the History of Economic Thought (1995). Reprinted from] Even Marx must dimly recognize that not “material productive forces,” not even “classes,” act in the real

No comments yet

Do the Mentally Ill Need Locked Up?

Saturday, December 29th, 2012 by posted in Civil Liberties, Law.
sleeping on grate

In the weeks following the Sandy Hook shooting tragedy, the usual cadre of intellectuals spilled their insight on the opinion pages and television cameras across the nation and shared what they thought were meaningful solutions. The most inane of these

1 comment

A Visit From the Ghost of Christmas Future

Saturday, December 29th, 2012 by posted in Economics, Politics, Trade.

John C. Calhoun divided the citizenry of a country into tax payers and tax consumers. Ludwig con Mises concluded that the anti-capitalist society (socialist and interventionist) is one of everyone against everyone, since as a result of the lack of

No comments yet

The State of Journalism & Mark Carney’s Vacation

Saturday, December 29th, 2012 by posted in Events.

Canadian journalism doesn’t typically consist of stories one would read in a mainstream newspaper, or hear on a CRTC-controlled television station. Of course, there are “journalists” reporting on events and other happenings across the nation, but there is very little

1 comment

The United States of Europe?

Friday, December 28th, 2012 by posted in Banking, Capitalism.
United State of Europe teaser

[This article is excerpted from Liberalism, Chapter 3] 9. The United States of Europe The United States of America is the mightiest and richest nation in the world. Nowhere else was capitalism able to develop more freely and with less

No comments yet

Does Privacy Matter?

Thursday, December 27th, 2012 by and posted in Civil Liberties.
Security teaser

Reprinted from – Mike Rozeff An item about surveillance of conversations in buses has again raised my concern about the vanishing of privacy in America. I view this disappearance and transformation of life into a Kafka-esque world as an


Foundation and Krugman

Wednesday, December 26th, 2012 by posted in Economics.

Reprinted from The American Interest Paul Krugman says in this Guardian piece that he “grew up wanting to be Hari Seldon, using my understanding of the mathematics of human behaviour to save civilisation.” For those of you who have read

No comments yet

A Politician’s Promise

Wednesday, December 26th, 2012 by posted in Politics.

The sure sign of a halfwit is someone who believes a politician’s promise. They can be observed at candidate rallies with their faces beaming and their hands grasping tightly to a cardboard sign. In bars and restaurants they speak endlessly


Canadian Minocracy: Rule by the Few Over the Many

Wednesday, December 26th, 2012 by posted in Politics, Regulation.
Stephen Harper Obama

“Democracy is a song, a composition for Majority’s voice. Its lyrics are inspiring and strong: the equal right to enjoy our choice. ”  – Kayle (Best Tweet Winner) According to Kayle, one of George Stroumboulopoulos’ top five tweeters, democracy is


The Case for Ebenezer

Tuesday, December 25th, 2012 by posted in Capitalism, Economics.

Reprinted from My interest in Charles Dickens’ A Christmas Carol began one Christmas eve when, as a small child, my parents turned on network radio to listen to what, even then, had become a classic Christmas eve festivity: Lionel

No comments yet

Bastiat on Malthus: Wisdom from 1850 for Optimism Today

Monday, December 24th, 2012 by posted in Capitalism, Education.
Malthus catastrophe teaser

Reprinted from MasterResource: “If we face the facts courageously, we shall see that a large area has been left open for the exercise of our initiative.” The holiday season is not only a time to count our blessings, but also to

No comments yet

Who is Responsible for the Push Toward U.S. Non-Interventionism?

Sunday, December 23rd, 2012 by posted in Foreign Policy.
peace dove

Reprinted from The Canadian MacLeans Magazine (equivalent to Time or Newsweek in the U.S.) ran a long 4-page article entitled “End of the U.S. empire? After years of foreign wars and interventions, a new mood of isolationism is sweeping

No comments yet

The Spontaneous Order of the Dance Floor

Saturday, December 22nd, 2012 by posted in Law, Regulation.
dance floor

On a recent Saturday evening, some friends and I were at a loss at how to spend the night after a concert we planned on attending was booked up. In search around the venue, we discovered what appeared to be


R.I.D.E. as an Ineffective Solution to Drunk Driving

Saturday, December 22nd, 2012 by posted in Uncategorized.

The traditional clamor of family gatherings, feasts and gift exchanges that accompany the Holiday Season have of late been augmented by local and regional police squads with the widespread application of R.I.D.E.  The “Reduce Impaired Driving Everywhere” (R.I.D.E.) program, which


Santa Keynes and the Hayekian Grinch

Friday, December 21st, 2012 by posted in Banking, Capitalism, Economics, History, Politics, Regulation, Socialism.

A great article by Peter Foster over at the Financial Post Keynesianism has extended ­downturn, despite recent praise We are now approaching the fourth Christmas of the great debate between the benign supporters of Santa Keynes and the walnut-hearted acolytes

No comments yet

On the Freedom Of Movement

Friday, December 21st, 2012 by posted in Capitalism, Economics, Regulation, Trade.
freedom of movement teaser

[This article is excerpted from Liberalism, Chapter 3] 8. Freedom of Movement Liberalism has sometimes been reproached on the ground that its program is predominantly negative. This follows necessarily, it is asserted, from the very nature of freedom, which can

1 comment

Stephen Harper and the Myth of Lincoln

Thursday, December 20th, 2012 by posted in History, Politics.

Errol Mendes, a University of Ottawa law professor, has published an opinion piece entitled “Lincoln was a uniter, Harper is a divider.” In it, he cultivates the statist myth of Abraham Lincoln. Lincoln was driven by deep-seated, universal principles of human dignity

1 comment

The Role Value At Risk (VaR) Played in the 2008 Financial Crisis

Thursday, December 20th, 2012 by posted in Banking, Capitalism.
skyline skyscraper teaser

What is Value At Risk? In the aftermath of the 2008 financial crisis, a myriad of factors leading to the calamity were extensively examined by various public and private entities. It became apparent that some factors had played more of


Orderly and Humane?

Wednesday, December 19th, 2012 by posted in History, Socialism, Trade.
World War 2 teaser

Reprinted from Peter Hichen’s Blog at U.K. Mail Online Some time ago I decided to write a book about the damaging and deluded cult of national victory which has done this country so much damage since 1945. No doubt it


The Udder Futility of Centrally Planned Milk Production

Tuesday, December 18th, 2012 by posted in Economics, Politics, Regulation.
Dairy Cow

Dairy products in Canada cost roughly two to three times more than in the U.S. This has the Canadian Restaurant and Foodservices Association (CRFA) feeling cheesed. In an open letter to the Canadian Dairy Commission (CDC), the CRFA decried the