This article originally appeared in the January 2013 edition of The Free Market. Reprinted from Mises.org In the beginning of The General Theory, John Maynard Keynes says that his ideas will no doubt be rejected because they are so novel
Capitalism 
North Korea – a Fascist State?
Reprinted from Rocking Philosophy The UK TV show ‘Panorama’, part of the BBC Network’s programme schedule, aired a programme on the 15th April 2013 called Panorama: North Korea Undercover. In the programme journalist John Sweeney went undercover as a London
The Misguided Quest for High Wages
The American Conservative, the periodical upholding the roots of true, anti-interventionist conservatism of the Old Right, is a daily reading of mine. The foreign policy views and discussions on theology make for enjoyable discussion – a galaxy apart from the
Mark Carney’s False Ideology
Neil Macdonald of the CBC recently did an investigative piece on central bankers and what they’re doing to the world’s economies. Mark Carney was featured heavily. He told Macdonald, “there is no secret cabal orchestrating things,” despite CBC’s own findings
Could Bitcoin Be the Money of the Future?
Reprinted from DetlevSchlichter.com The crypto-currency Bitcoin is still merely a speck on the global monetary landscape. It is young, experimental, and for all we know, it may ultimately fail to break into the monetary mainstream. However, on a conceptual level
The Nickel: An Exercise in Gresham’s Law
Gresham’s Law – an innocuous economic principle first formulated by the 16th century English financier Sir Thomas Gresham – loosely states that “bad money drives out good.” In few places is this more apparent today than in the case of
The Car of the Future is a Drone Car. Want a Ride?
We all value the ability to get into our cars and go where we want, when we want – it is a wonderful freedom. On the spur of the moment we can decide to visit friends or family even if
From Junk DNA to Junk Economics: Beware the Inexorable Sovietization of Big Science
Reprinted from bio-itworld.com The controversy surrounding the $400-million Encode project’s dubious public relations claims surrounding the function of ‘junk DNA’ and the Battelle Institute’s defense of the $3-billion Human Genome Project (HGP) as economically beneficial (as cited in the recent
Think Progress? Ha!
Think Progress, the hilariously named “progressive” front group for the Democratic Party, recently penned one of the most hysterical pieces I’ve seen. That’s really saying something in our age. The basic theory of the piece is that the Federal Reserve’s
How to Not Attack Capitalism
The mark of any flunk economic thinker is the statement “we live in a capitalist system.” Without a doubt, the United States, along with the rest of the West, is still gifted with a market-based economic system. But calling it
Gold Never Sleeps
The following is an excerpt from the new book, $10,000 Gold: Why Gold’s Inevitable Rise is the Investors Safe Haven, available in bookstores the week of May 6, 2013. When gold speaks, all tongues are silent. —Robert Ringer —Italian proverb
Ottawa Combats White Privilege
I was passed along an advertisement recently of a graphic designer vaunting their wage subsidy provided by Human Resources Development Canada. If hired, this person would have their income partially paid for by the government. It’s assumed this is a
Austerity after Reinhart and Rogoff
With the world abuzz about mistakes in some influential research by economists Carmen Reinhart and Kenneth Rogoff, attention is being drawn to the case for austerity. Reinhart and Rogoff published several academic articles arguing that, among other things, high levels
Do Western Central Banks Have Any Gold Left??? Part II
Reprinted from Sprott.com The past few months have been difficult for the gold investor as selling pressure in the gold futures market has set a decidedly negative direction for the price of the yellow metal. As fundamental investors, we always
The Futility of Bank Regulation
It’s been over four years since the financial crisis ripped through the American banking system like a viral disease and put the world economy in a coma. From that fateful Autumn when Washington took off the blinds and showed its
An English class for trolls, professional offence-takers and climate activists
Republished from The Telegraph Should Michael Mann be given the electric chair for having concocted arguably the most risibly inept, misleading, cherry-picking, worthless and mendacious graph – the Hockey Stick – in the history of junk science? Should George Monbiot
“Tax Expenditures”: Not Taxing Is Allegedly Spending
Reprinted from Mises.org Runaway government spending is among the most important economic problems of our time. It is absolutely urgent that it be brought under control and progressively reduced until it is sufficient to provide for no more than the
Rethinking the Drug War
A number of recent polls reveal that over half of the U.S. population favors the abolishment of marijuana prohibition. This includes many young followers of Christianity who, if you consider the bombardment of “tolerance” evangelism preached everywhere, probably find it
Austrians Don’t Blow Bubbles
Reprinted from The American Conservative Remember the golden days of 2007, when we were all investment prodigies? Though I couldn’t balance a checkbook or drive a car, I had raked in 25 percent increases each year on my 401k since
The IMF’s Search for Relevance
As the old saying goes, never let a crisis go to waste. No one has grasped the importance of this adage more than the International Monetary Fund (IMF). Over the last five years the organisation has been breathed a second
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