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Government Revenue, Democratic Control, and the Squamish Nation

Tuesday, November 11th, 2014 by posted in Politics.
TSLEIL-WAUTUTH NATION - Squamish & Tsleil-Waututh Nations

Ludwig von Mises wrote that, “[d]emocratic control is budgetary control. The government has but one source of revenue—taxes. … But if the government has other sources of income it can free itself from this control.”[1] This principle is particularly important

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

Tuesday, November 11th, 2014 by posted in Banking, Economics, Law, Politics.

From today’s Open Europe news summary: ECB Executive Board member Yves Mersch said yesterday that the ECB will begin purchasing Asset Backed Securities (ABS) next week. He added that, “should the situation deteriorate further”, purchases of sovereign debt remain an

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The EU’s anti-competitive tax policy

Monday, November 10th, 2014 by posted in Capitalism, Economics, Law, Politics, Regulation.

From today’s Open Europe new summary: Following the release of thousands of secret documents detailing how Luxembourg helped companies avoid paying taxes, an FT leader argues, “For the sake of his own credibility – and that of the commission – [Jean-Claude Juncker]

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My interview on Mises.org re: The End of the US Dollar Imperium, Part 2

Friday, October 31st, 2014 by posted in Capitalism, Economics, History, Politics.
My interview on Mises.org re: The End of the US Dollar Imperium, Part 2

Patrick Barron: The End of the US Dollar Imperium, Part 2 Jeff Deist and Patrick Barron continue their discussion on monetary imperialism. They delve deeper into US dollar supremacy, and how it might end with a whimper instead of a

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My latest interview on Power Trading Radio re: European developments that may prove positive in the long run

Friday, October 31st, 2014 by posted in Banking, Economics, Politics.

Click below to hear my latest interview on Power Trading Radio. I discuss in more detail the various movements in Europe that I view as economically positive in the long run. The interview last approximately one half hour with two

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The Dangers of Settled Science

Friday, October 31st, 2014 by posted in Philosophy, Politics.
191315_xMPuIMZCKlC1uGHIh91Gfwu8g

Evolution is one of the most cherished doctrines of the worshippers of science. Whenever we hear the angry shouts of settled science, it is either in reference to climate change or evolution. Anyone who dares question these theories is treated

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The Market and the State

Thursday, October 30th, 2014 by posted in Capitalism, Economics, Politics.
Farmers-Market-2_teaser

[Originally published in German in 1968. Reprinted from Mises.org] For every species of animals and plants the means of subsistence are limited. Hence every living being’s vital interests are implacably opposed to those of all members of its own species.

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Patrick Barron interview with Jeff Deist re: The End of the US Dollar Imperium-Part 1

Sunday, October 26th, 2014 by posted in Banking, Economics, Politics.

Play video Jeff Deist and Patrick Barron address the issue of monetary imperialism. How does the US use the dollar as a weapon of economic and cultural power? How long can it last? What might the unprecedented… 00:17:01 Added on

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The Tragedy of NATO: Economic Problems Embedded in Collective Security Agreements

Monday, October 20th, 2014 by posted in Economics, Foreign Policy, Politics, Socialism.

The economic phenomenon known as the “Tragedy of the Commons” instructs us that commonly held resources that are insufficiently protected will be plundered to extinction. The phenomenon was recognized in the early nineteenth century to explain why the commons in

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Free Not to Vote

Friday, October 17th, 2014 by posted in Politics.
Vote

The 2014 U.S. midterm elections are coming up, and I don’t intend to vote. A vote is like virginity: you don’t give it away to the first flower-bearing suitor. I haven’t been given a good reason, let alone flowers, to

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An opportunity to educate the public is squandered

Friday, October 10th, 2014 by posted in Banking, Economics, Law, Politics.

From today’s Open Europe news summary: Hans-Werner Sinn: Some countries should be allowed to temporarily leave the euro Open Europe yesterday hosted the launch of Professor Hans-Werner Sinn’s new book, ‘The euro trap: on bursting bubbles, budgets and beliefs’. At

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A Lapse in State Security

Tuesday, October 7th, 2014 by posted in Politics, Regulation, Socialism.
fence_jumper

The recent break-in at the White House by a crazed man has predictably sparked a debate over national security. The intruder, 42-year-old Army veteran Omar Gonzalez, hopped the surrounding fence and breached what is supposed to be the most guarded

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Is the US making the same mistakes as Zimbabwe?

Sunday, October 5th, 2014 by posted in Economics, Politics.

I have started reading a new book about the collapse of the Zimbabwean dollar–When Money Destroys Nations, by Philip Haslam and Russell Lamberti. One of the main causes of the hyperinflation was the decision of the Zimbabwean government to give

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A Strategy for the Right Part 2

Wednesday, October 1st, 2014 by posted in Economics, Politics.
white_house_teaser

Reprinted from Mises.org It is instructive to turn now to a prominent case of right-wing populism headed by a dynamic leader who appeared in the last years of the Original Right, and whose advent, indeed, marked a transition between the

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The Folly of Compulsory Voting

Tuesday, September 30th, 2014 by posted in Politics.
electionscanada

In many ways, Canada has been surpassing the United States as a bastion of freedom in North America, with lower tax rates and an increasing trend towards deregulation of business. While this is all very wise, a recent idea dreamed

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Will an ordinary German citizen challenge the lawless ECB?

Tuesday, September 30th, 2014 by posted in Banking, Economics, Law, Politics.

From today’s Open Europe news summary: German economist Hans-Werner Sinn writes in the FT, “Deflation is not a danger for southern Europe, but an essential precondition for restoring competitiveness.” He describes the ECB’s latest asset purchase plan as “nothing less than

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A Strategy for the Right Part 1

Tuesday, September 30th, 2014 by posted in Philosophy, Politics.
political_rally_teaser

Reprinted from Mises.org What I call the Old Right is suddenly back! The terms “old” and “new” inevitably get confusing, with a new “new” every few years, so let’s call it the “Original” Right, the right wing as it existed

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Is New York City’s Proposed Ban on the Use of Supplemental Nutrition Assistance Program Benefits for Purchases of Sugar-Sweetened Beverages Effective Policy?

Tuesday, September 30th, 2014 by posted in Economics, Politics, Regulation.

In 2011, New York City mayor Michael R. Bloomberg proposed a ban on using Supplemental Nutrition Assistance Program benefits (commonly known as food stamps) for the purchase of sugar-sweetened beverages. While the plan has been criticized by food and beverage

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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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Secession, Decentralization, and Competition

Monday, September 15th, 2014 by posted in Politics.
Scottish-flag_2109121b

As Scotland prepares to vote on whether or not to secede from the United Kingdom and become an independent country, much of the talk has revolved around specifics – which currency will be used? How will the control over the

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