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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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China’s Coming Default

Monday, January 20th, 2014 by posted in Banking, Capitalism, Economics.

Last June I pointed to four unfortunate facts in the Chinese economy. 1. Overall credit had increased to $23 trillion dollars, up from $9 trillion as recently as 2008. 2. This amount of credit was over 200 percent of GDP,

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A Question for Ford Motor Company

Saturday, January 18th, 2014 by posted in Capitalism, Economics, Regulation, Trade.

Re: Ford threatens to leave Britain if Britain leaves the EU Would Steve Odell change his mind if, at the same time that Britain left the EU, it adopted unilateral free trade?  I don’t see why he would not (change

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Fighting Poverty

Thursday, January 16th, 2014 by posted in Capitalism, Economics.
visiting-a-poor-people-1874

America’s War on Poverty had its golden anniversary last week. Unlike a marriage that lasts a generation’s time, the celebration for Lyndon Johnson’s other crusade was not exactly joyful. Intellectuals and academics still fret over first worlders stricken by destitution.

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Star Trek and the Decentralization of Medicine

Wednesday, January 15th, 2014 by posted in Capitalism, Health Care.
mccoy_mediscan

The technological impact Star Trek has had on our society can hardly be overstated. Inventors inspired by Gene Roddenberry’s vision were responsible for giving us such marvels as automatic sliding doors, flip phones and even tablet computers. Now, another classic

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The Pope vs. the Market

Wednesday, January 15th, 2014 by posted in Banking, Capitalism, Economics.
francis1 teaser

Reprinted from Casey Research “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud

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Help a Real Victim of the Minimum Wage

Tuesday, January 14th, 2014 by posted in Capitalism, Economics, Education, Politics, Regulation.

It is easy to sympathize with 33-year-old Acsana Fernando. Since immigrating to Canada from Bangladesh as a refuge in 2002, she has struggled to find her footing. Bouncing from job to job trying to eke out a living, Ms. Fernando

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Reserves as an Important Barrier to Bank Credit Expansion

Tuesday, January 14th, 2014 by posted in Banking, Capitalism, Economics.
banking-jobs teaser

There are many limitations to the extent to which banks can expand credit. The main ones are (1) the limitation imposed by required reserves, (2) the limitation imposed by capital leverage ratios, and (3) the limitation imposed by liquidity requirements.

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Court Defends Right to Contract

Friday, January 10th, 2014 by posted in Capitalism, Economics.
contract

Labor union advocates are all in a tizzy over a recent court decision over what conditions of employment companies are legally permitted to require. The ruling permits employers to require that their workers agree to privately arbitrate all workplace disputes

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B.C. First Nation Moves Toward Aboriginal Private Home Ownership

Friday, January 10th, 2014 by posted in Capitalism, Economics, Socialism.
aboriginal land teaser

Reprinted from Frontier Centre for Public Policy This month, in a remote corner of northern B.C., just a few kilometres from the Alaskan border, three modest houses entered Canadian First Nations history. The residences, all located on the self-governed lands

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Where Have the Entrepreneurial Doctors Gone?

Tuesday, January 7th, 2014 by posted in Capitalism, Economics, Health Care.
drluke

To the socialist planners in Ontario’s medical industry, the entrepreneurial doctor is a serious danger – one that needs to be extinguished as soon as possible lest patients realize that there is a better way. There is no better example

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Reforming the Canada Pension Plan

Monday, January 6th, 2014 by posted in Capitalism, Economics, Socialism.
retirees teaser

Amongst other ways that Canada is unique, it has a fully funded pension plan. Not too many countries can lay claim to this fact, and south of the border it is reported that only one (!) state pension is even

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Fractional-“Collateral” Money Creation

Friday, January 3rd, 2014 by posted in Banking, Capitalism, Economics, Regulation.

Economists view the money creation process through two separate channels. Each has its own economic effects as well as risks. In the current fiat monetary system, central banks can increase the amount of base money through their open-market operations. The

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How to Clear Public Debt

Friday, January 3rd, 2014 by posted in Banking, Capitalism, Economics.
italy government teaser

Reprinted from Mises Italia A recent editorial by Alberto Alesina and Francesco Giavazzi in the Italian newspaper Corriere della Sera has spurred me to illustrate a proposal to reduce the public debt put forward by Professor Huerta de Soto. Since Alesina and

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Pope Francis Meet Nicholas Maduro

Thursday, January 2nd, 2014 by posted in Capitalism, Economics.
francis teaser

In just a few months, Pope Francis has made quite an impact on the Catholic Church. He has shown admirable qualities of compassion and humility and offered stern warnings for Church leaders to focus on their true mission, instead of

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Warren’s Crank Scheme

Thursday, January 2nd, 2014 by posted in Banking, Capitalism, Economics.
warren

Shortly before the Christmas holiday, beloved liberal stalwart Senator Elizabeth Warren introduced a bill in Congress to ban companies from performing credit checks on prospective employees. In a press release accompanying the bill, Warren reasoned that poor credit history isn’t

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Entitlements, Low Interest Rates, and the Lack of Savings

Wednesday, January 1st, 2014 by posted in Banking, Capitalism, Economics.

The current recession has one explanation in the lack of savings over the past decade. As Americans saved less, foreign funds had to flow into the country to fund the consumption- and investment-led booms. Now these borrowed funds need to

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