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Engineers and Planners

Wednesday, October 8th, 2014 by posted in Capitalism, Economics, Regulation, Socialism.
communist_central_teaser

[This article is excerpted from The Counter-Revolution of Science, pp. 94–102.] Reprinted from Mises.org The Engineer The ideal of conscious control of social phenomena has made its greatest influence felt in the economic field. The present popularity of “economic planning”

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The Power of the State vs. the Power of Love

Tuesday, October 7th, 2014 by posted in Capitalism, Economics.
marketplace_teaser

Reprinted from The Beacon For thousands of years, philosophers have argued that society must invest great power in the rulers because only great power can hold back the forces of evil—violence, plunder, and disorder. They have often conceded, of course,

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Monetary One World Order

Monday, October 6th, 2014 by posted in Banking, Capitalism, Economics.
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Reprinted from Casey Research When you mumbled the Pledge of Allegiance in grade school, you likely didn’t think you’d grow up to be taxed to death and a pawn in central-banker economic chess games. If you’re old enough, the dimes

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The Truth of the Decreasing Labor Participation Rate

Friday, October 3rd, 2014 by posted in Capitalism, Economics.
young_teaser

Every once in a while an article comes along that is so misleading it just begs for an answer. This recent piece in Forbes is one such article. The basic claim the author and his interviewee make is that the Obama

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Learning the Virtue of Capital Accumulation

Wednesday, October 1st, 2014 by posted in Capitalism, Economics.
Clocking-Off

In the American slapstick classic Monkey Business, Groucho Marx retorted, “Oh, I know it’s a penny here and a penny there, but look at me. I worked myself up from nothing to a state of extreme poverty.” Marx was no

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Century of Enslavement: The History of The Federal Reserve

Wednesday, October 1st, 2014 by posted in Banking, Capitalism, Economics.
Century of Enslavement: The History of The Federal Reserve

What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary

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Uncle Sam´s Annual Borrowing 14 Times Worse Than Thought

Wednesday, October 1st, 2014 by posted in Capitalism, Economics.

Lots of people like to concentrate on the deficit when looking at public finances. In 2013, he federal government of the United States ran a budget deficit of $614 billion, which is quite a bit, but seemingly small relative to

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Ludwig von Mises: Defender of Capitalism

Monday, September 29th, 2014 by posted in Capitalism, Economics, History.
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Editor note: Today commemorates the 133rd birthday of Ludwig von Mises. September 29, 2014 is the one-hundred-and-thirty-third anniversary of the birth of Ludwig von Mises, economist and social philosopher, who passed away in 1973. Mises was my teacher and mentor

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New Taxes on the Way

Friday, September 26th, 2014 by posted in Capitalism, Economics.

The province of Ontario is a financial basket case. The provincial government pays nearly 10% of its tax revenue on interest to cover the $270bn. debt load (over $20,000 per Ontarian). To put this in perspective, the slow-motion train wreck

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Milton Friedman, 1912-2006

Thursday, September 25th, 2014 by posted in Capitalism, Economics, Education.
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Reprinted from Mises.org Few American economists have wielded as much influence on economic thought and policy as the late Milton Friedman. He was an articulate and ardent advocate of free markets and personal liberty. In 1962, his Capitalism and Freedom, which

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Dependency and Farming

Tuesday, September 23rd, 2014 by posted in Capitalism, Economics, Regulation.
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In his work Prejudices, H.L. Mencken wrote plenty of scathing criticisms about American social life. His arch-nemesis received the most scorn: the average farmer. The farmer, he wrote, is “a tedious fraud and ignoramus, a cheap rogue and hypocrite, the

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Did Canadian Government’s Famous Budget Cuts Rely on Loose Money?

Tuesday, September 23rd, 2014 by posted in Capitalism, Economics.
B of Canada Total Assets

The progressive Keynesians don’t like the “conservative love affair” with Canada. In particular, they are pushing back against the people who are pointing to the Canadian government’s budget-slashing starting in the mid-1990s as an example of “fiscal austerity” that did

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As Germany loses battle for ECB, QE goes global

Monday, September 22nd, 2014 by posted in Banking, Capitalism, Economics.
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Reprinted from DetlevSchlichter.com What is Super Mario up to? First, he gave an unexpectedly dovish speech at the Jackson Hole conference, rather ungallantly upstaging the host, Ms Yellen, who was widely anticipated to be the most noteworthy speaker at the

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Capitalism Is About Love

Thursday, September 18th, 2014 by posted in Capitalism, Economics.
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Reprinted from Liberty.me Today I took a couple of hours, in the middle of the afternoon, to be amazed and thrilled by an action-packed movie, shown in a theater built for me though I never requested it, a movie that

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Natural Beauty Held Back by Poor Rule of Law

Wednesday, September 17th, 2014 by posted in Capitalism, Law, Regulation.
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Albania is a beautiful country. It made it in The Guardian’s list of 20 best bargain beach holidays in 2013 and Land Rover chose its rough and rugged Accursed Mountains to display the prowess of their new Discovery model. Some of its southern sand and

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The Hubris of the Monetary Social Contract

Monday, September 15th, 2014 by posted in Banking, Capitalism, Economics.
money-addiction teaser

Reprinted from Casey Research Money was once in the state of nature. Goods were once bartered until especially saleable goods emerged to be used in indirect exchange. A variety of saleable items became money until gold and silver became the

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Employment Insurance Is Not Insurance

Friday, September 12th, 2014 by posted in Capitalism, Economics, Law.
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The federal government’s 2013 decision to change some of the rules governing Employment Insurance (EI) has received considerable criticism from some provinces and unions among others. Unfortunately, most of it is wrong because it is based entirely on the mistaken

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The Myth of the Unchanging Value of Gold

Wednesday, September 10th, 2014 by posted in Banking, Capitalism, Economics.
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Reprinted from Mises.org According to mainstream economics textbooks, one of the primary functions of money is to measure the value of goods and services exchanged on the market. A typical statement of this view is given by Frederic Mishkin in

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What Gave Bitcoin Its Value?

Tuesday, September 9th, 2014 by posted in Banking, Capitalism, Economics.
bitcoin_teaser

Reprinted from the Freeman Many people who have never used bitcoin look at it with confusion. Why does this magic Internet money have any value at all? It’s just some computer thing that someone made up. Consider the criticism of

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Why Isn’t Monetary Pumping Helping the Economy?

Monday, September 8th, 2014 by posted in Banking, Capitalism, Economics.
dollar-printing teaser

Reprinted from Mises.org Despite all the massive monetary pumping over the past six years and the lowering of interest rates to almost zero most commentators have expressed disappointment with the pace of economic growth. For instance, the yearly rate of

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