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The Very Deserving Super Rich

Monday, March 3rd, 2014 by posted in Capitalism, Economics.
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In a recent New York Times column titled “The Undeserving Rich,” Paul Krugman writes, “You almost never see apologists for inequality willing to talk about the 1 percent, let alone the really big winners [the top .1 percent].” Here is

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An Optimistic View of 21st Century Poverty

Saturday, March 1st, 2014 by posted in Capitalism, Economics.
Girl With Mobile Smart Phone

Many proponents of socialism and State control will claim that the growing gap between the rich and the poor needs to be corrected. They say that because the gap is growing, that justifies the need for the state to come

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Stop the Presses: Environmentalists Argue for Fewer Regulations

Friday, February 28th, 2014 by posted in Capitalism, Regulation.
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No one likes to boss other people around more than environmentalists. Their wildly unrealistic policy agenda combined with an innate disdain for other humans makes them alarmingly aggressive about imposing their wills on others, regardless of any negative impacts these

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Nouriel Roubini the Mercantilist

Thursday, February 27th, 2014 by posted in Banking, Capitalism, Economics.
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Here’s a question: why is economist Nouriel Roubini so popular again? The man is syndicated in the financial press. He has a number of best-selling books on the ebb and flow of the global economy. And he teaches at New

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My letter to the NY Times re: The Lawless Fed

Thursday, February 27th, 2014 by posted in Banking, Capitalism, Economics, Law.

Re: Fed’s Aid in 2008 Crisis Stretched Worldwide Dear Sirs: Your article about the Fed’s actions in 2008 to lend $580 billion in so-called “swap lines” to central banks internationally sounds a note of triumphalism that is completely unwarranted.  The

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My letter to National Review Magazine re: Stop applauding Ben Bernanke

Thursday, February 27th, 2014 by posted in Capitalism, Economics, Politics, Regulation.

Dear Sirs: In your February 24th edition under “The Week” recap of significant news events you make the astounding statement that Ben Bernanke should be applauded for his massive money printing, interest rate pegging, socialist monetary planning maneuvers during and after

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The Financial Crisis and the Free Market Cure

Thursday, February 27th, 2014 by posted in Banking, Capitalism, Economics.
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Many statists keep repeating that unfettered capitalism and deregulation have caused the crisis we are currently living. Nothing could be farther from the truth; a crisis this big can only have one source, which is government intervention. With its immense

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Help Bring Rituparna Basu to Toronto

Wednesday, February 26th, 2014 by posted in Capitalism, Economics.
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Help objectivists in Toronto bring Rituparna Basu—Healthcare specialist from the Ayn Rand Institute—to Toronto. You can find details on how to help here.

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Two Ways to Lift Wages – and Kill Jobs

Wednesday, February 26th, 2014 by posted in Capitalism, Economics.
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Tuning in to Fox News the other day, I saw a segment in which Ann Coulter was discussing the proposed increase in the minimum wage. I generally think Ms. Coulter is a sharp and amusing commentator, so I stuck around

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Pharmacy Wars

Wednesday, February 26th, 2014 by posted in Capitalism, Health Care, Regulation.
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The Ontario Government’s war on drugs is entering a new and more dangerous phase that is bringing increasing violence to the most unexpected of places: the province’s pharmacies. One normally thinks of pharmacies as being places of peace and quietude.

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Misunderstanding Machiavelli

Tuesday, February 25th, 2014 by posted in Capitalism, Economics, History, Philosophy, Politics.
machiavelli

An op-ed page discussion of Niccolo Machiavelli’s The Prince is the last place to expect another bit of carping about present-day inequalities of wealth. But that’s what the Toronto Star presented its readers today in a mini-symposium commemorating the 500th anniversary of

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Stalin’s Apologists

Tuesday, February 25th, 2014 by posted in Capitalism, History.
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It’s a sad fact of the world today that there are people still enamored with the murderous rule of socialist tyrant Joseph Stalin. There are various groups around the world dedicated to washing the blood from his hands and transforming

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My letter to the Financial Times, London re: Educating Mr. Abe

Monday, February 24th, 2014 by posted in Capitalism, Economics, Politics.

Re: Abe grapples with mystery of missing J-curve Dear Sirs: Perhaps I can shed some light on Japanese Prime Minister Abe’s missing J-curve; i.e., why Japan’s trade deficit seems to be increasing rather than decreasing after massive monetary intervention to

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Say’s Law and the Permanent Recession

Monday, February 24th, 2014 by posted in Capitalism, Economics, History.
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Mainstream media discussion of the macro economic picture goes something like this: “When there is a recession, the Fed should stimulate. We know from history the recovery comes about 12-18 months after stimulus. We stimulated, we printed a lot of

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Ludwig von Mises Institute of Canada Weekly Summary, Feb. 17-23, 2014

Sunday, February 23rd, 2014 by posted in Capitalism, Economics, Politics.
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F. A. Hayek gave an historic address in 1975 that he later developed into his 1976 book Choice in Currency. In this slender book Hayek made one of the most succinct explanations for why central banking must come to an

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New EU credit card proposal will harm small businesses

Friday, February 21st, 2014 by posted in Capitalism, Economics, Regulation.

From today’s Open Europe news summary: The European Parliament’s economic affairs committee yesterday voted in favour of a proposal to limit credit card payment fees charged to retailers by banks at 0.3% of the transaction value, reports EUobserver. Negotiations with

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The Misery Index

Friday, February 21st, 2014 by posted in Capitalism, Economics.
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Arthur Okun developed the “misery index” as an economic indicator to proxy the welfare of a country. By adding the unemployment and inflation rates, the index is an indicator of the hardship caused by a lack of jobs coupled with

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Episode 40: Mark Thornton – Currency Wars, Depreciation, and Gold/Silver

Thursday, February 20th, 2014 by posted in Banking, Capitalism, Economics.
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Make sure you catch Director of Mises Canada Redmond Weissenberger’s daily podcast “Better Red than Dead.” The latest episode features Mark Thornton, a senior resident fellow at the Ludwig von Mises Institute in Auburn, Alabama and the book review editor for

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My letter to the NY Times re: Fuel Economy Economic Nonsense

Thursday, February 20th, 2014 by posted in Capitalism, Economics, Regulation.

Re: Obama Orders New Efficiency for Big Trucks Dear Sirs: President Obama needs a lesson in Econ 101.  Requiring that business meet a new fuel economy standard in order to achieve some environmental goal, no matter how discredited the theory,

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My letter to the NY Times re: A tale of two banking models

Thursday, February 20th, 2014 by posted in Banking, Capitalism, Economics, Regulation.

Re:  Fed Closes a Loophole for Banks Overseas Re: Lending Where Banks Can’t: Blackstone Thrives in Ireland Dear Sirs: These two articles appeared on the front page of your Business Day section on Wednesday, February 19, 2014.  Nothing could more completely

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