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It’s About Envy, Stupid

Wednesday, March 4th, 2015 by posted in Philosophy, Politics.
envy_teaser

Reprinted from Casey Research It seems on every commercial break, we see handsome and charismatic Rob Lowe pushing DirecTV, while introducing us to another Rob Lowe who has cable: paranoid Rob Lowe, super creepy Rob Lowe, a meathead version, a

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Water Rights and Chinatown

Tuesday, March 3rd, 2015 by posted in Politics, Regulation, Socialism.
chinatown

Does a warning mean anything if nobody listens? With the precarious case of Lake Mead, doomsayers never seem to break the surface. For years, reports of the lake’s declining levels have popped up in the news. Yet residents of the

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The Austrian Solution to Greece

Wednesday, February 25th, 2015 by posted in Economics, Politics, Regulation.
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Arnold Kling asks economists to fill in the blank: “Greece will achieve economic success when ____” There is an answer from the Austrian perspective, but first I want to highlight some thoughts from other prominent bloggers. Option A: Paul Krugman of

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The Greek deal won’t solve anything

Monday, February 23rd, 2015 by posted in Economics, Politics, Regulation.

Since the Greek deal contains absolutely zero pro-market reforms, it won’t fix anything. Raising taxes, cutting down on tax evasion and smuggling, even if successful in raising tax revenue, simply entrench government at its current and possibly higher level. The

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The Common Sense of Progress Part 2

Wednesday, February 18th, 2015 by posted in Economics, Philosophy, Politics.
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Reprinted from The Constitution of Liberty by F. A. Hayek via Freeman Short-term Gain: Long-term Loss Therefore, there must be two different ways of looking at the possibility of reducing inequality and abolishing poverty by deliber­ate redistribution—that is, from a

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The Common Sense of Progress Part 1

Tuesday, February 17th, 2015 by posted in Economics, Philosophy, Politics.
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Reprinted from TheConstitution of Liberty by F. A. Hayek via Freeman If today in the United States or western Europe the relatively poor can have a car or a refriger­ator, an airplane trip or a radio, at the cost of

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My letter to the NY Times re: How much more government “help” can the poor withstand?

Wednesday, February 11th, 2015 by posted in Economics, Politics.

Re: Consumer Protection Agency Seeks Limit on Payday Lenders Dear Sirs: Although one loses count very quickly, government’s attacks upon the poor seem to come in three’s. First government fights the dreaded specter of deflation, meaning lower prices, by its

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Wrong policies for Greece

Monday, February 9th, 2015 by posted in Economics, Politics.

From today’s Open Europe news summary: Greek PM refuses to change course ahead of crucial week of meetings with Eurozone partners “…Greek Prime Minister Alexis Tsipras…reiterated his plan to increase the minimum wage, halt privatisations, reopen closed public broadcaster ERT

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Government Spending and Regime Uncertainty

Monday, February 9th, 2015 by posted in Capitalism, Politics, Regulation.
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Reprinted from The Independent Institute In 1997, my article “Regime Uncertainty” appeared in The Independent Review. In the article, I sought to explain and elaborate on an idea that I believed, and continue to believe, helps substantially in understanding why

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The Case for Freedom

Monday, February 2nd, 2015 by posted in Philosophy, Politics.
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Reprinted from The Constitution of Liberty via The Freeman The case for individual freedom rests chiefly on the recognition of the inevitable ignorance of all of us concerning a great many of the factors on which the achievement of our ends

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I beg to differ…

Friday, January 30th, 2015 by posted in Economics, Politics.

Re: CAT CEO says strong dollar bad for US economy Here come US exporters, right on schedule, complaining that a strong national currency is bad for them and for the US economy. Not so. When a nation debases its currency

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Why the welfare state grows, and grows, and grows…

Thursday, January 29th, 2015 by posted in Law, Politics.

Re: George Will on the mushrooming welfare state Columnist George Will puts recent research into the adverse consequences of the welfare state into words that we all can understand. However, I do not think that he gets to the heart of

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Financial Myth Busting: The Bubble Economy

Monday, January 26th, 2015 by posted in Banking, Economics, Politics.
dawnbennett

This weekend, I had the pleasure to be a guest on the radio program Financial Myth Busting with Dawn J. Bennett. We discussed the inability or unwillingness of politicians and economists alike to learn from past mistakes, and the consequences

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Charlie Hebdo Goes Critical

Saturday, January 24th, 2015 by posted in Economics, Politics, Regulation.
france-attacks-charlie-hebdo

The murder of eleven employees of the Charlie Hebdo newspaper in Paris has grabbed international headlines. It was, indeed, an appalling act. Western media outlets went ballistic.  Politicians from around the world descended on Paris and locked arms in a

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Switzerland Leaves the European Monetary Union

Friday, January 16th, 2015 by posted in Banking, Economics, Politics.

Oh. You didn’t know that Switzerland was part of the European Monetary Union? You thought that the Swiss used their own currency, the Swiss franc? In a definitional sense only, you are correct. Within its monopolized currency area, the political

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From the “You can’t make this stuff up” department

Wednesday, January 14th, 2015 by posted in Economics, Politics.

From today’s Open Europe news summary: Irish Finance Minister Michael Noonan said yesterday that he would not dismiss the idea of a European conference to discuss a possible debt write-down for crisis-hit Eurozone countries such as Greece, Ireland and Spain.

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Maastricht Treaty? We don’t need no stinkin’ Maastricht Treaty!

Tuesday, January 13th, 2015 by posted in Law, Politics.

From today’s Open Europe news summary: Bank of France Governor Christian Noyer told Handelsblatt that, if the ECB were to buy government bonds, he would favour “a cap” in terms of percentage of the market which the ECB can buy. Handelsblatt Le

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How Reducing GDP Increases Economic Growth

Monday, January 12th, 2015 by posted in Capitalism, Economics, Politics, Regulation.
dollars-and-quarters_teaser

Reprinted from Mises.org Recently, the Financial Times published an article containing charts displaying the correlation between government spending and real GDP growth.1 Based on these correlations, the author of the article, Matthew Klein, comments: “It’s no secret that spending cuts

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Maybe Italy should raise the minimum wage

Wednesday, January 7th, 2015 by posted in Economics, Politics.

From today’s Open Europe news summary: Preliminary estimates by the Italian national statistics office ISTAT show that Italy’s unemployment rate went up to 13.4% in November, with youth unemployment soaring to 43.9% – a new record high. La Repubblica ISTAT Il Sole

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Leftists become incandescent when reminded of the socialist roots of Nazism

Wednesday, December 24th, 2014 by posted in Economics, History, Philosophy, Politics.
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Reprinted from The Telegraph On 16 June 1941, as Hitler readied his forces for Operation Barbarossa, Josef Goebbels looked forward to the new order that the Nazis would impose on a conquered Russia. There would be no come-back, he wrote,

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