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Forced Organ Donations

Wednesday, September 24th, 2014 by posted in Civil Liberties, Economics, Health Care.

In his work  A Critique of Interventionism, Ludwig von Mises concluded that an endless progression of interventions was the inevitable consequence of otherwise well-intentioned policy makers “In a private property order isolated intervention fails to achieve what its sponsors hoped

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Dependency and Farming

Tuesday, September 23rd, 2014 by posted in Capitalism, Economics, Regulation.
french_farmers

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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Germany takes a stand against Keynesian stimulus

Tuesday, September 23rd, 2014 by posted in Economics, Regulation.

Re: US urges EU to do more to stimulate its economy   At the recent meeting of the G20 US Treasury Secretary Jack Lew led the majority of the industrial world’s finance ministers and central bankers to urge Europe to increase

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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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Gender Quotas: To What End?

Tuesday, September 23rd, 2014 by posted in Economics, Philosophy, Regulation.
Team Concept Queue

With the continuing refrain of the “War on Women” still ringing loudly out across the land, we are hearing more and more calls for government to intervene and help out these poor gals who just can’t seem to catch a

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The Poison Eating at the Heart of Macroeconomics

Tuesday, September 23rd, 2014 by posted in Economics, Philosophy.
maynard_keynes1 teaser

Mario Draghi, in one of his latest speeches, prodded governments to ease austerity to spur aggregate demand (an oxymoron). The IMF director, Christine Lagarde, recently urged the ECB to continue its easy monetary policy until aggregate demand picks up. U.S.

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Paul Cantor: Model Mentor

Monday, September 22nd, 2014 by posted in Economics, Education.
paul_cantor

I once called Paul Cantor “the incomparable Cantor.” Another apt, alliterative sobriquet would have been “model mentor.” When others weren’t, Paul was there for me. He helped me. He taught me. He guided me. He’s the type of scholar I’d like

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Is Science Investment Always a Good Thing?

Monday, September 22nd, 2014 by posted in Economics, Politics.
shrimptreadmill

The worship of science is a peculiar feature of our age, especially given the incredibly broad and non-specific nature of the term, and the vast quantitative and qualitative differences in  outcomes from various types of research within the scientific disciplines.

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As Germany loses battle for ECB, QE goes global

Monday, September 22nd, 2014 by posted in Banking, Capitalism, Economics.
ecb_teaser

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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IMF: QE Encourages Risk

Thursday, September 18th, 2014 by posted in Banking, Economics.

Recently the Fed released research stating that it encouraged moral hazard and risk taking with its QE programs. Never one to fall behind, now the International Monetary Fund is in on the trick. After promoting QE for years (see here

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Capitalism Is About Love

Thursday, September 18th, 2014 by posted in Capitalism, Economics.
Farmers-Market teaser

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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The Efficient Majors Hypothesis

Thursday, September 18th, 2014 by posted in Economics.
Scioscia

One day a smart young graduate from the University of Chicago named Eugene barged his way into the office of the Cubs’ owner, Tom Ricketts. The following conversation ensued: EUGENE: Mr. Ricketts! You’re throwing away millions of dollars in your

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The Strike to End All Strikes

Tuesday, September 16th, 2014 by posted in Economics, Education.

The teachers’ strike in British Columbia is over… almost. On Thursday, 40,000 public school teachers in the province will vote on whether to accept the proposed contract. Neither side got everything it wants, and the main headline is that teachers

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Economic Policy Treats Symptoms, Not Underlying Causes

Tuesday, September 16th, 2014 by posted in Economics.
bandaid

Take a look at the breathtaking array of government policies designed to fix every conceivable problem citizens might encounter. Look at the laws governing labor unions, minimum wage laws, occupational licensure, unemployment insurance, stimulus spending; look at the endless efforts

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Property Rights as Social Justice – from John Locke’s Perspective

Tuesday, September 16th, 2014 by posted in Economics.
john locke

John Locke holds that property rights are just. This conviction is implied in his notion that justice is of nothing but the preservation of the individual’s natural rights,[1] of which property rights are an essential component. It seems clear that,

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Krugman Shucks and Jives on Minimum Wage Hike

Monday, September 15th, 2014 by posted in Economics.
fast food strike

In a recent Business Insider interview Paul Krugman showcased his uncanny ability to utterly mislead viewers on the state of economic science, without actually lying. Here’s a portion of the exchange (which I am typing from the verbal interview): JOE

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Europe decides to eat its capital

Monday, September 15th, 2014 by posted in Banking, Economics.

Re: The Death Spiral of Capitalism, by Martin Hutchinson We now see why the profligate countries of the European Monetary Union allowed the European Central Bank to institute a negative interest rate against reserves AND now have allowed it to buy

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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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The Regret of War

Sunday, September 14th, 2014 by posted in Economics.

We all have regrets. But if you find yourself consistently ruing your past decisions, maybe it’s best to rethink your rashness. Writing in the Financial Times this weekend, Richard McGregor gives some perspective on Americans’ change of heart for wars.

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Employment Insurance Is Not Insurance

Friday, September 12th, 2014 by posted in Capitalism, Economics, Law.
unemployment_line teaser

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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