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Higher Taxes Don’t Make Capitalism “Work Better”

Friday, April 11th, 2014 by posted in Capitalism, Economics, History.
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“Would Capitalism Work Better With Higher Taxes?” That’s the title of a new Globe and Mail editorial written by Doug Saunders. The question is innocent enough. The article treads lightly on the topic without ideological moralizing. The dilemma of how

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The Dutch West India Company

Friday, April 4th, 2014 by posted in Capitalism, Economics, History.
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This article is excerpted from Conceived in Liberty, volume 1, part 4, “The Rise and Fall of New Netherland.” Reprinted from Mises.org The Dutch West India Company began operations in 1623, and in the same year the first party of permanent

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Hobby Lobby’s Dignity

Thursday, April 3rd, 2014 by posted in Capitalism, Economics, History.
hobby_lobby

Can capitalism ever be degrading? Is there something unjust about working long hours for minimal pay? Is it wrong to purchase a trinket manufactured halfway across the globe in a dingy, musty room? In a controversial piece for The American

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Enemy of the State, Friend of Liberty

Thursday, April 3rd, 2014 by posted in History, Philosophy, Politics.
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Reprinted from FEE.org Question: If you could go back in time and spend one hour in conversation with 10 people—each one separately and privately—whom would you choose? My list isn’t exactly the same from one day to the next, but

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Did the Government Pay for WW2 with Interest-Free Loans?

Thursday, March 27th, 2014 by posted in Economics, History.
GiveUsTheTools

Did the government of Canada use the Bank of Canada to fund World War 2 with interest-free loans? It’s a claim that is often made by the Canadian Greenbackers (or Loonies, as I like to call them). The Loonies maintain

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Keynesian Myths and The Triumph of The Warfare State

Thursday, March 27th, 2014 by posted in Banking, Economics, History.
federal reserve teaser

Reprinted from LewRockwell.com Presentation by David A. Stockman to The Committee for the Republic, February 11, 2014 Flask in hand, Boris Yelstin famously mounted a tank outside the Soviet Parliament in August 1991. Presently, the fearsome Red Army stood down—an

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Literature and Totalitarianism

Wednesday, March 26th, 2014 by posted in History, Law, Philosophy.
orwell tease

I said at the beginning of my first talk that this is not a critical age. It is an age of partisanship and not of detachment, an age in which it is especially difficult to see literary merit in a

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Stealth Inflation

Tuesday, March 25th, 2014 by posted in Banking, Capitalism, Economics, History.

Central bankers have managed to obscure the effects of money printing. But market efficiency gains can’t hide the problems forever.    Six years into recovery and the economy worldwide is punk, despite central bankers’ belief they can inject just the

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Culture in a Cage

Monday, March 24th, 2014 by posted in Economics, History.
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Reprinted from FEE.org Recently, three children from a little-known forest tribe in India approached a nearby village and asked to join their school. The teachers, however, were forbidden by law from admitting the kids. This is because the Indian government prohibits regular

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Hazlitt’s Timeless Wisdom

Friday, March 21st, 2014 by posted in Banking, Capitalism, Economics, History.

CNBC’s Rick Santelli used his “Santelli Exchange” segment on March 14th to highlight the wisdom of Hazlitt’s Economics in One Lesson written in 1946. The financial network’s tea party rabble rouser and sparring partner to economist Steve Liesman said, Warren

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Overthrowing Smith & Marx: Profits, Not Wages, as the Original and Primary Form of Labor Income

Friday, March 21st, 2014 by posted in Capitalism, Economics, History.
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Remarks at the Conferral of Honorary Doctorate from Universidad Francisco Marroquin, July 9, 2013 A video of the degree ceremony appears at http://newmedia.ufm.edu/reismandoctoraldegree The author wishes to note that a full and comprehensive development of the foundations of this article and its

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Inflation Then and Now

Thursday, March 20th, 2014 by posted in Banking, Economics, History.
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Reprinted from Pembroke Daily Observer The struggle between the National Union of Mineworkers under Arthur Scargill and the government of the United Kingdom under Margaret Thatcher began thirty years ago this past week. The miner’s strike of 1984-1985 is remembered

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Episode 57: Detlev Schlichter – Paper Money Collapse

Wednesday, March 19th, 2014 by posted in Economics, History.
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Catch one of the latest episodes of Better Red Than Dead, starring Mises Canada Executive Director Redmond Weissenberger and economist Detlev Schlitcher. Detlev S. Schlichter is an Austrian School economist and author. His book Paper Money Collapse – The Folly of Elastic

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What Was “The Coyne Affair” ?

Monday, March 17th, 2014 by posted in Banking, Economics, History.
JamesCoyne

James Elliott Coyne would have been 104 years old this July, if he had lived past the ripe old age of 102. A lawyer by training, Coyne first joined the Bank of Canada in 1938 in the Research Department, but

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Episode 55: Predrag Rajsic – The Economy of Tito’s Yugoslavia, Delaying the Inevitable Collapse

Saturday, March 15th, 2014 by posted in Capitalism, History.
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Catch one of the latest episodes of “Better Red Than Dead,” hosted by Mises Canada Executive Director Redmond Weissenberger and Predrag Rajsic. Predrag Rajsic specializes in production economics and economics of markets with substantial market exchange restrictions. His research interests

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The Failure of Keynesianism

Saturday, March 15th, 2014 by posted in Banking, Capitalism, Economics, History.
keynes

It’s hard not to agree with the old aphorism “history doesn’t repeat itself, but it does rhyme.” It’s nice to think we learn from our mistakes; yet we always seem to repeat them at some later date. Reading the daily

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The Economy of Tito’s Yugoslavia: Delaying the Inevitable Collapse

Thursday, March 13th, 2014 by posted in Economics, History, Socialism.
propala fabrika

There seems to be a resurgence of nostalgia for the “good old days” among the citizens of countries that were once known under the common name of Socialist Federal Republic of Yugoslavia.  This article is dedicated to all of us

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Sociologists Spot the Blinders of Macroeconomics

Wednesday, March 12th, 2014 by posted in Banking, Economics, History.

Sociology is the last place from which one would expect helpful insights into the workings of the Fed.   While at one time the field produced some illuminating work on economic topics — think of Max Weber’s The Protestant Ethic

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Boosting the Bust

Friday, March 7th, 2014 by posted in Banking, Capitalism, Economics, History.
federal reserve teaser

The root cause of the crisis is the credit money system Economic data suggest that the large economies around the world – the US, Europe and Japan – are working themselves out of the latest financial and economic crisis. Output

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Rothbard’s Remedy

Thursday, March 6th, 2014 by posted in Economics, History.
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Reprinted from FEE.org Economic theories don’t lend themselves to laboratory testing, so the work of a national appraisal firm is especially enlightening. A new study lends support to the Austrian business cycle theory, which says that the less government is

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