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The Tragedy of NATO: Economic Problems Embedded in Collective Security Agreements

Monday, October 20th, 2014 by posted in Economics, Foreign Policy, Politics, Socialism.

The economic phenomenon known as the “Tragedy of the Commons” instructs us that commonly held resources that are insufficiently protected will be plundered to extinction. The phenomenon was recognized in the early nineteenth century to explain why the commons in

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The Misguided Push for STEM

Monday, October 20th, 2014 by posted in Capitalism, Economics, Education.

The higher education system is a mess, and it seems the more we try to fix it, the worse it becomes. With a parade of unflattering test score comparisons constantly being trotted out, widespread unemployment, and a mismatch of skills

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Fractional Reserve Banking, the Euro, and the benefits of a New German Deutsche Mark

Sunday, October 19th, 2014 by posted in Banking, Economics.

In this thirty minute interview on Power Trading Radio I discuss fractional reserve banking, the euro, and the beneficial effect of a reinstated German deutsche mark. Interview with Patrick Barron on Power Trading Radio Patrick Barron is a consultant to

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The Fed’s Price Control and Pavlov’s Traders

Saturday, October 18th, 2014 by posted in Banking, Economics.

Pavlov observed that his dogs would salivate when they saw anything associated with food. He introduced sounds into this association and dogs would salivate upon hearing the sound. And so it goes with the Federal Reserve and stock traders. On

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October Mises Meet! This Tuesday!

Saturday, October 18th, 2014 by posted in Announcements, Events.

Get your pumpkin spice-infused dose of liberty while it lasts! Join the Ludwig von Mises Institute of Canada for our monthly meet up this Tuesday, October 21, at 7 pm, at the Pauper’s Pub! Enjoy food, beverage, and discussion of all

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John Tamny Needs to Stop Lecturing People on Mises’ Monetary Views

Friday, October 17th, 2014 by posted in Economics.

John Tamny has an unfortunate habit of criticizing Austrian economists by citing the legacy of Ludwig von Mises, when it is clear that Tamny doesn’t know what he’s talking about. Let me be clear: I am all for people criticizing

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Free Not to Vote

Friday, October 17th, 2014 by posted in Politics.

The 2014 U.S. midterm elections are coming up, and I don’t intend to vote. A vote is like virginity: you don’t give it away to the first flower-bearing suitor. I haven’t been given a good reason, let alone flowers, to

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Occupational Licensure Strikes Again

Friday, October 17th, 2014 by posted in Capitalism, Economics.

It’s that time of year again: the time where I go on and on about a subject nobody but me cares about. That’s right, it’s occupational licensure! This is a subject that does not get nearly enough attention from the

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The IMF and Austrian Theory

Friday, October 17th, 2014 by posted in Banking, Capitalism, Economics.

Back in the early 1960s, financial journalist Henry Hazlitt warned against efforts to create an international system to help facilitate the smooth transfer of currencies. Representatives from the world’s leading governments were attempting to increase liquidity in global markets. They

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No Virginia, Reagan Had a Better Economic Record Than Obama

Thursday, October 16th, 2014 by posted in Economics.

As part of their campaign to deny that large hikes in the minimum wage or federal income tax rates will have any appreciable downsides, a popular move among progressive pundits lately has been to argue that the economic recovery under Obama

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Krugman Needs to Read Christina Romer on Taxes

Thursday, October 16th, 2014 by posted in Economics.

In a recent blog post Paul Krugman made the following offhand remark regarding taxes and economic growth:  There are growing hints that if Republicans take the Senate, they will voodooize the CBO, making “dynamic scoring” — that is, the assumption

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Market Monetarists Undercut Each Other

Wednesday, October 15th, 2014 by posted in Economics.

For the die-hard fan of “market monetarism,” the present post will seem cheeky at best. Nonetheless, I thought it worth bringing up something ironic that happened in the blogosphere’s full-court press of advancing the new approach to monetary policy. Specifically,

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On Being Long-Lived

Wednesday, October 15th, 2014 by posted in Philosophy.

Ezekiel Emanuel, premier progressive thinker and one of the chief architects behind the Orwellian-named Affordable Care Act, wants to die at age 75. Fair enough, that’s his prerogative. But there’s something chilling about the cold and calculating nature of his

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The Dangers of Econ 101 in the Minimum Wage Debate

Wednesday, October 15th, 2014 by posted in Economics.

Minimum wage opponents often illustrate its effects with the standard, econ 101 treatment of price controls: They draw a supply-and-demand graph for low-skilled labour with a price floor set above the market-clearing wage creating a surplus of low-skilled labour. I

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On Quacks, Frauds, and Scam Artists

Tuesday, October 14th, 2014 by posted in Capitalism, Health Care.

For some time now, the scientific community has had its eye on taking down popular television host and alleged physician, Dr. Oz. Notorious for being a publicity grabber and pushing cures on his fawning audience that are dubious at best,

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Cable TV Sinks, Waiting For Crisis

Tuesday, October 14th, 2014 by posted in Economics.

We’ve got Ebola, ISIS, and mid-term elections and cable news ratings are still in the toilet.  “This has been a tough year all around,” Phil Griffin, the president of MSNBC says. “All three cable news channels are drawing a smaller

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Montreal’s Economic Bilingualism

Tuesday, October 14th, 2014 by posted in Economics.

As a resident of Montreal and an Anglo-Quebecer by birth, I have gotten to know the city fairly well in my three years here as a student. Montreal is generally known as the “cultural capital” of Canada, and with the

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A Sensible Central Banker?

Saturday, October 11th, 2014 by posted in Banking, Capitalism, Economics.

With all the lunacy coming from the world’s central bankers since, well, ever, it’s refreshing to hear something (anything!) sensible coming from one of them finally. Bank of Canada Governor Stephen Poloz’s recent announcement that the BoC would stop using

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Befuddled Keynesians attack German responsibility

Friday, October 10th, 2014 by posted in Economics.

Re: Germany’s Insistence on Austerity Meets With Revolt in the Eurozone Re: I.M.F. Asks Rich Countries for Support These two article in the New York Times from Wednesday of this week illustrate the confusion and increasing stridency of Keynesian school

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Libertarianism, Socialism, and Subjectivism

Friday, October 10th, 2014 by posted in Philosophy.

Consistency. This is undoubtedly the one word that any libertarian, when given the chance to describe their philosophy, would pick. Interestingly enough, when there is a remarkable amount of diversity amongst the rationalization of the libertarian position. The intellectual grounding

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