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Can Doctors Fix Poverty?

Tuesday, February 4th, 2014 by posted in Capitalism, Economics.
minimum_wage teaser

Reprinted from EconomicReason.com Many health care professionals in Toronto are calling on their provincial government to raise the minimum wage by $3.75/hour to $14.  They argue that poverty is not just a public health issue but “the biggest barrier to

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Can the State Justify Welfare Spending?

Monday, February 3rd, 2014 by posted in Capitalism, Civil Liberties, Economics, Epistemology, Law.

The purpose of this brief essay is to present an argument that state spending on welfare, which necessarily rests on the state’s power to extract funds from the public, cannot be justified.  An argument in favor of state sponsored welfare

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What Can be Done About Income Inequality?

Monday, February 3rd, 2014 by posted in Capitalism, Economics, Politics.
weare teaser

Globalization, de-regulation and technological progress have brought significant changes to the world in the past three decades. Income inequality between countries has contracted, but the gap between the rich and the poor within Canada has increased. The demand for highly

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My letter to the NY Times re: Looking for answers in all the wrong places

Saturday, February 1st, 2014 by posted in Banking, Capitalism, Economics, Politics, Regulation.

Re: Wall Street’s New Housing Bonanza, by Michael Corkery Dear Sirs: If Representative Mark Takano (D, CA) is concerned that securitizing investment in rental properties will result in a new, unsustainable bubble, he is looking for answers in all the wrong

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The Trouble With Public Funding

Friday, January 31st, 2014 by posted in Capitalism.
Latin_Public_School

What kind of things should be taught in public schools? What should they say about evolution? What about climate change? Is it okay to teach the Bible as the important historical document it undeniably is, or does this violate the

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Johann Gutenberg: Genuine Inventor and Benefactor of Mankind

Friday, January 31st, 2014 by posted in Capitalism, Economics, History.
printing-press-uf4uwk teaser

Reprinted from Strike-the-Root.com In a previous essay, NASA, the Aerospace Welfare Queen, we explored what happens when technology is grafted onto big-government militarism and the bread-and-circuses mentality of the state. The result? The kind of scientific ‘achievement’ described by Ayn Rand

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The Bernank Celebrates

Friday, January 31st, 2014 by posted in Banking, Capitalism, Economics.
BernankeSmiling

When the last helicopter left the Vietnamese city of Saigon, Uncle Sam hung his head in defeat. The commies had won. The billions of dollars spent, lives lost, and damaged prestige were all lasting consequences. The war left a black

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My letter to the NY Times re: Reviving New Deal Fallacies

Thursday, January 30th, 2014 by posted in Capitalism, Economics, History, Politics, Regulation.

Re: Confronting an Old Problem May Require a New Deal, by Eduardo Porter Dear Sirs: Mr. Porter recently trotted out every discredited economic idea of the New Deal, from Keynes’ fallacious idea of permanent, structural unemployment to the fallacious idea

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Seth Daniels on Austrian Economics

Thursday, January 30th, 2014 by posted in Banking, Capitalism, Economics.
nasdaq teaser

Daily Bell: It’s refreshing to speak to a fellow Austrian in the investing field. Tell us a bit about your educational and vocational background. Seth Daniels: I started in the investment industry in 2000 working for a legendary growth investor

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My letter to the NY Times re: Yellen’s analysis won’t help

Wednesday, January 29th, 2014 by posted in Capitalism, Economics.

Re: Don’t expect job data to persuade Fed on rates Dear Sirs: Floyd Norris reports that Janet Yellen loves to study all those employment statistics in order to set Fed policy.  And that is the problem.  The Fed’s new leader believes that

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My letter to National Review Magazine re: The Nobility of All Work

Wednesday, January 29th, 2014 by posted in Capitalism, Economics, Lifestyle, Politics, Socialism.

Re: The Hard-Working Rich, by Kevin D. Williamson Dear Sirs: Mr. Williamson’s presents some truly amazing facts about what separates the rich from the poor…and it’s not just that the rich have more money, per Ernest Hemingway’s famous quip to

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The Street Keynesians

Wednesday, January 29th, 2014 by posted in Capitalism, Economics.
euriot teaser

Reprinted from Taki’s Magazine According to a poll carried out by the Figaro newspaper, only 17% of the French believe that 2014 will be a good year, but in fact it started very well for France. Only 1,064 cars were burned by

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Canada’s Tidal Wave of Credit

Monday, January 27th, 2014 by posted in Banking, Capitalism, Economics.
Bank_of_Canada teaser

Be mindful of what will happen when interest rates rise, but note that rising debt levels in Canada are no reason to panic, at least according to Stephen Harper. Canada’s Prime Minister is quick to note that his wife and

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Keeping Greece on the EU Dole

Sunday, January 26th, 2014 by posted in Capitalism, Economics, Socialism.

Re:  EU official assures the IMF that it will continue to support Greece There was never any question that Greece would not get all the money that it wants from the EU and then even more from the IMF.  After

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A “Quasi” Bank Run in Motion

Sunday, January 26th, 2014 by posted in Banking, Capitalism, Economics.

HSBC has apparently stopped letting customers withdraw more than £5,000 from their British bank accounts unless depositors can provide evidence of “why they wanted it.” According to the BBC: Stephen Cotton went to his local HSBC branch this month to

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A Sad Story is No Substitute for Sound Policy

Thursday, January 23rd, 2014 by posted in Capitalism, Economics, Politics.
woman-crying

Anecdotal evidence laced with emotion is the favorite rhetorical device of leftists whose arguments cannot stand up to solid economics and logical scrutiny. A recent, treacle-drenched profile on a 33-year-old refugee from Bangladesh paints the story of a girl trapped

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Healthcare: High Prices and Few Kidneys

Wednesday, January 22nd, 2014 by posted in Capitalism, Economics, Health Care, Politics, Regulation.

Start with a simple proposition: America does not have a healthcare problem. The services provided are the best on this planet, and people from around the world travel to its hospitals and clinics to seek treatment. If they can afford

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The Playbook Venezuela: The Communist Manifesto

Wednesday, January 22nd, 2014 by posted in Capitalism, Economics.
nicols-maduro-venezuela-1 teaser

Reprinted from Mises Brazil The economic turmoil that castigates Venezuela has received increasing international media attention over the past few months.  In September, the  ongoing shortage of toilet paper  (which occurred after the food shortages and blackouts in the power sector) led

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My letter to the Wall Street Journal re: Central bankers cannot “buy time” for politicians

Tuesday, January 21st, 2014 by posted in Banking, Capitalism, Economics, Politics, Regulation.

Re: Euro Zone Must Defeat the Deflation Ogre, by Simon Nixon Dear Sirs: Simon Nixon does an admirable job of showing that “cronyism, corruption, and vested interests” are a greater threat to the Euro Zone nations that the so-called (by

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Why Havana Had to Die

Tuesday, January 21st, 2014 by posted in Capitalism, Economics, Foreign Policy, History.
Old_Havana_Cuba teaser

Reprinted from City Journal Decay, when not carried to excess, has its architectural charms, and ruins are romantic: so romantic, indeed, that eighteenth-century English gentlemen built them in their gardens, as pleasantly melancholic reminders of the transience of earthly existence.

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