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
Capitalism 
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
I Become a Luddite When I Think About How the State Uses Technology Against Us
Most every human on earth has benefited from advancements in technology. For example, farming has become so productive that each farmer now feeds more than 125 people. The technologies of electricity generation and distribution have allowed billions of people around
Cuba: The Revolution Continues
Recently, the media has been abuzz with the story of Jay-Z and Beyonce’s visit to Cuba. Like Dennis Rodman’s visit to North Korea, it is beginning to appear as though the Obama administration’s new tools of foreign policy are coming
Fractional-Reserve Banking’s Risky Deal
CIBC and President’s Choice Financial recently announced an “aggressive” interest rate offer on savings accounts. In a bid to attract clients from their rivals the partnership will pay 2.6 percent interest on all new deposits. While normally people are wary
Earth Day 1970 (The Drama Queen Files, Exhibit #4)
Reprinted from NoFrakkingConsensus.com Earth Day was first celebrated back in 1970. That year, the editors ofRamparts, a radical magazine, packaged a collection of essays together as a book. Released by mainstream publishing house Harper & Row, it was titled Eco-Catastrophe. The
The False Choice in Europe Between Austerity and Growth
The debate in Europe over what policies the debt ridden countries should pursue is being falsely constructed as a choice between austerity and growth. Not only is there another, more appropriate alternative, but these two alternatives themselves are not properly
The Climate Circus Leaves Town
Read the full article at WeeklyStandard.com If you had told environmentalists on Election Day 2008 that four years later there’d be no successor treaty to the Kyoto Protocol, that a Democratic Congress would not have enacted any meaningful climate legislation,
“Tax Expendituresâ€: 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
It’s Official: Global Economic Policy Now Firmly in the Hands of Money Cranks
Reprinted from DetlevSchilter.com The lesson from the events of 2007-2008 should have been clear: Boosting GDP with loose money – as the Greenspan Fed did repeatedly between 1987 and 2005 and most damagingly between 2001 and 2005 when in order
Explaining the Relative Loss of Canadian Manufacturing
Andrew Jackson laments that there is little cause for optimism in the recent study published by the Macdonald-Laurier Institute explaining that Canadian manufacturers have maintained competitiveness despite a strong loonie. In particular, Mr. Jackson points to the loss of 464,000
Country and Critics
Last month, journalist Robert Huber wrote a provocative article for the periodical Philadelphia on a subject off-limits for what passes as informed discussion: race relations from the point of view of a white person. The piece was titled in politically-incorrect
Five Common Misconceptions about Employment “Off the Books”
There is a stigma attached to the productive activity commonly called employment “off the books” or “under the table”. This is the case in which the employer and the employee hide their relationship from the state and thus avoid being
Rajendra Pachauri’s Conspiracy Theory
Reprinted from NoFrakkingConsensus.com Climate skeptics are routinely accused of being conspiracy theorists. For example, Rajendra Pachauri, the chairman of the Intergovernmental Panel on Climate Change (IPCC), has claimed that much of the criticism directed at his organization relies on “unsubstantiated
How the Fed’s Bubbles Slaughter the Middle Class
When central bankers dedicate their existence to re-inflating asset bubbles, it shouldn’t at all be a surprise to investors that they eventually achieve success. Ben Bernanke has aggressively attempted to prop up the real estate and equity markets since 2008.
Cyprus and the Unraveling of Fractional-Reserve Banking
Reprinted from Mises.org The “Cyprus deal†as it has been widely referred to in the media may mark the next to last act in the the slow motion collapse of fractional-reserve banking that began with the implosion of the savings-and-loan
A Golden Opportunity
In a new twist to the Cypriot saga, a European Commission assessment has called on the Mediterranean country to sell its gold holdings to fund its looming bailout. With the country currently holding 13.9 tonnes of the shiny metal according to the
The Aggresssion of Soviet Russia
Excerpted from Planned Chaos The German, Italian and Japanese nationalists justified their aggressive policies by their lack of Lebensraum. Their countries are comparatively over populated. They are poorly endowed by nature and depend on the import of foodstuffs and raw
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