On page 4 of last Monday’s Metro Toronto, journalist Jessica Smith detailed the heroic actions of Toronto chef and restaurateur Rodney Bowers, as he joined Vancouver chef and restaurateur Mark Brand’s effort to address poverty in his community. The Brand-Bowers plan to
Economics 
Mark Carney: Canada’s National Treasure
Hat tip to James E. Miller for the title of this post. The United Kingdom’s Daily Mail reports, “Growth more important than inflation says new Bank boss as he insists they are not ‘maxed out’ of ideas” My take? New
Steve Jobs and Say’s Law
With a release date of April 19th, the first footage of the Steve Jobs biopic “jOBS†recently found its way onto the internet. The film, which stars Ashton Kutcher, recounts the career of Jobs from the time he built the
The Fairytale Connection to Government Bonds
At the annual World Economic Forum in Davos, Switzerland, economist Nouriel Roubini indicated that “bond vigilantes are asleep at the wheel” insofar as U.S. Treasury debt is concerned. In other words, he is suggesting that investors who continue to purchase
How Liberals Can Win
[This article is excerpted from Liberalism, Chapter 4] 1. The “Doctrinairism” of the Liberals Classical liberalism has been reproached with being too obstinate and not ready enough to compromise. It was because of its inflexibility that it was defeated in
Should We Trust Economists?
We live in a complex world. So logically we need complex solutions to our problems, right? Not according to certain people; according to them, we just have to follow the advice of economists. That way, most of our problems would
The Impact of Canada’s Regulatory Burden
On Monday, the Canadian Federation of Independent Business (CFIB) unveiled the third edition of Canada’s Red Tape Report. It reveals the pecuniary impact of the various government regulations imposed on Canadian businesses. For the first time ever, it also compares
A Note on Socialism as Elitism
Reprinted from The Daily Bell Since ancient times some people have considered the market place an unruly forum in which to determine whose work and what commodities are worth how much. With Marxism this view acquired a pseudo-scientific status. The
Clarifications of the Austro-Wicksellian Business Cycle Theory
Reprinted from ThinkMarkets.com There has been a lively debate on forecasts of high inflation made by those worried about the Fed’s recent policy of quantitative easing. For details I refer the reader to Daniel Kuehn’s excellent blog. The question to which
Zombie Nation
Reprinted from the Daily Bell Creating and sustaining a nation of zombies is expensive. Large sections of the US population have been turned into zombies. Retirees. Medicare dependents. Food stamp recipients. Disabled people. They are not necessarily bad people. They
Increasing Number of Canadians Can’t Afford to Invest
Yahoo Canada reports something that comes as no surprise at all to Austro-libertarians: More Canadians say they simply can’t afford to invest, making it tougher to build a retirement nest eggs [sic.], according to a poll released on Tuesday by
Social Security, Ponzi Schemes, and Leprechaun Economics
Reprinted from GaryNorth.com I want to discuss an article. I may be exaggerating, but I regard this article as the most sophisticated exercise in terminal naiveté that I have ever read. It is an intelligent article with respect to the
An analytic framework for 2013
Republished from “A View from the Trenches“ Click here to read this article in pdf format: January 15 2013 In the same fashion that I proposed an analytic framework for 2012, I want to lay out today what I think will be
Freedom: Because It Works or Because It’s Right?
Reprinted from The Beacon- The Independent Institute Libertarians divide into two broad classes: those who espouse a free society because it gives better results than an unfree society, and those who espouse a free society because they believe that it
What Happened to the Businessman
Reprinted from The Vampire Economy: Doing Business Under Fascism. New York: Vanguard Press, 1939 . Chapter 1 BUSINESSMEN all over the world are dissatisfied and apprehensive. The depression has proved to be not only the most drastic and widespread in
Rand Paul’s Misgivings on Government Debt
In its never-ending struggle with responsibility and logic, the U.S. government will soon breach its statutory debt limit. Departing Treasury Secretary Timothy Geithner has warned President Obama that by the end of February, Congress will have to take action or
The Impossibility of Scientific Predictions About Human Behaviour
Writing about the expatriation of actor Gerard Depardieu, who fled his native France in response to newly-elected President Francois Hollande’s proposal of a 75 percent income tax for millionaires, Anne Applebaum asks: How much of any nation’s conversation about economics
The Problem with the League of Nations
[This article is excerpted from Liberalism, Chapter 3] 10. The League of Nations Just as, in the eyes of the liberal, the state is not the highest ideal, so it is also not the best apparatus of compulsion. The metaphysical
A Refutation of the Himelfarb Mean Test
Dr. Alex Himelfarb is a sociologist and the Director of York University’s Glendon School of Public and International Affairs. He is not an economist (disclaimer: neither am I). In 2012, MacLean’s Magazine named him one of the 25 most important
Obsessed by Megalomania: Interview with Hans-Hermann Hoppe
Reprinted from LewRockwell.com The following interview with Hans-Hermann Hoppe first appeared in the German weekly Junge Freiheit on November 2, 2012, and was conducted by Moritz Schwarz. It has been translated here into English by Robert Groezinger. Are taxes nothing
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