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More money for Greece…why not?

Thursday, February 6th, 2014 by posted in Capitalism, Economics, Politics.

Re: EU said to weigh extending Greek loans to 50 years The Greeks will always get more money from the EU, because that is the very nature of the EU as a giant welfare system for entire nations.  But the experiment

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My letter to the Wall Street Journal re: Anglo Bank didn’t bailout itself

Wednesday, February 5th, 2014 by posted in Banking, Capitalism, Economics, Law, Politics, Regulation.

Re: Trial of three former officials at Anglo Irish Bank begins Dear Sirs: Anglo Irish Bank did not bailout itself.  Why aren’t the politicians who gave the money to Anglo, which led to the collapse of the Irish economy, on trial,

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Who Is Really Crazy

Tuesday, February 4th, 2014 by posted in Politics, Regulation.
cass_sunstein

On the surface, Cass Sunstein seems like a put-together guy. A former Obama administration official, he currently holds a prestigious teaching position at Harvard Law School. Throughout his career, he has been awarded a litany of accolades from academic institutions

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Should the Government Be Involved in Reducing Income Inequality?

Monday, February 3rd, 2014 by posted in Capitalism, Economics, Politics.
weare teaser

Globalization, de-regulation and technological progress have brought significant changes to the world in the past three decades. Income inequality between countries has contracted, but the gap between the rich and the poor within Canada has increased. The demand for highly

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The World-View Behind Minimum Wage Advocacy

Saturday, February 1st, 2014 by posted in Economics, Philosophy, Politics, Socialism.
British Columbia, why do you hate the poor?

It’s at times like these, with minimum wage laws suddenly in vogue again, that one realizes that having the evidence on one’s side is not enough to win public policy debates.  The intellectual framework that people use to order their

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My letter to the NY Times re: Looking for answers in all the wrong places

Saturday, February 1st, 2014 by posted in Banking, Capitalism, Economics, Politics, Regulation.

Re: Wall Street’s New Housing Bonanza, by Michael Corkery Dear Sirs: If Representative Mark Takano (D, CA) is concerned that securitizing investment in rental properties will result in a new, unsustainable bubble, he is looking for answers in all the wrong

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My letter to the NY Times re: Reviving New Deal Fallacies

Thursday, January 30th, 2014 by posted in Capitalism, Economics, History, Politics, Regulation.

Re: Confronting an Old Problem May Require a New Deal, by Eduardo Porter Dear Sirs: Mr. Porter recently trotted out every discredited economic idea of the New Deal, from Keynes’ fallacious idea of permanent, structural unemployment to the fallacious idea

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My letter to National Review Magazine re: The Nobility of All Work

Wednesday, January 29th, 2014 by posted in Capitalism, Economics, Lifestyle, Politics, Socialism.

Re: The Hard-Working Rich, by Kevin D. Williamson Dear Sirs: Mr. Williamson’s presents some truly amazing facts about what separates the rich from the poor…and it’s not just that the rich have more money, per Ernest Hemingway’s famous quip to

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A Sad Story is No Substitute for Sound Policy

Thursday, January 23rd, 2014 by posted in Capitalism, Economics, Politics.
woman-crying

Anecdotal evidence laced with emotion is the favorite rhetorical device of leftists whose arguments cannot stand up to solid economics and logical scrutiny. A recent, treacle-drenched profile on a 33-year-old refugee from Bangladesh paints the story of a girl trapped

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My letter to the NY Times re: The Boston Fed as Community Organizer

Thursday, January 23rd, 2014 by posted in Economics, Law, Politics, Regulation, Socialism.

Re: Boston Fed as Community Organizer Dear Sirs: This PR campaign by the Boston Fed is not authorized by its mandate.  More importantly, the Fed has no idea what businesses to support.  This is the role of the entrepreneur, who

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Healthcare: High Prices and Few Kidneys

Wednesday, January 22nd, 2014 by posted in Capitalism, Economics, Health Care, Politics, Regulation.

Start with a simple proposition: America does not have a healthcare problem. The services provided are the best on this planet, and people from around the world travel to its hospitals and clinics to seek treatment. If they can afford

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Anarchy and Lawlessness

Tuesday, January 21st, 2014 by posted in Law, Philosophy, Politics.
thomas

The etymology of the word “anarchy” is interesting. In Greek, “an” signifies an antonym, and stands for “without.” The second root word “arkhe” means ruler and/or kingdom. Put together, that defines anarchy as “without rulers.” For politics, no other word

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My letter to the Wall Street Journal re: Central bankers cannot “buy time” for politicians

Tuesday, January 21st, 2014 by posted in Banking, Capitalism, Economics, Politics, Regulation.

Re: Euro Zone Must Defeat the Deflation Ogre, by Simon Nixon Dear Sirs: Simon Nixon does an admirable job of showing that “cronyism, corruption, and vested interests” are a greater threat to the Euro Zone nations that the so-called (by

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Tens of thousands of Canadians flee Canada

Sunday, January 19th, 2014 by posted in Civil Liberties, Economics, Health Care, Politics, Regulation.

Canada is amongst the top countries in the world when it comes to safety and security. So what could be so bad that it enticed tens of thousands of Canucks to flee the country in 2013? How about socialized healthcare?

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The CBC is no good, and is not a Public Good

Thursday, January 16th, 2014 by posted in Politics, Regulation, Socialism.
cbc teaser

“In the beginning was The Hockey. And The Hockey was with the CBC. And The Hockey was the CBC.” For almost all of us, “Hockey Night in Canada” was an essential part of growing up (or being grown up). It

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Help a Real Victim of the Minimum Wage

Tuesday, January 14th, 2014 by posted in Capitalism, Economics, Education, Politics, Regulation.

It is easy to sympathize with 33-year-old Acsana Fernando. Since immigrating to Canada from Bangladesh as a refuge in 2002, she has struggled to find her footing. Bouncing from job to job trying to eke out a living, Ms. Fernando

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Decriminalize or Legalize?

Thursday, January 9th, 2014 by posted in Civil Liberties, Economics, Politics, War on Drugs.
free-market-marijuana

Toronto Mayor Rob Ford was on “The Sports Junkies” a US-based sports radio show. One of the topics that came up was marijuana legalization. A marijuana user himself, Ford questions why the Conservatives don’t at least try to draw a

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The 60th Anniversary of Orwell’s 1984

Thursday, January 9th, 2014 by posted in Civil Liberties, History, Politics, Socialism.
george-orwell teaser

Reprinted from the New American Sixty years following its first publication and twenty-five since the fateful year, George Orwell’s 1984 remains a mystery to the experts. They convene often in exotic places to agree that Orwell wrote a dystopia on the communist

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Capitalism Is A Mentality

Wednesday, January 8th, 2014 by posted in Economics, Philosophy, Politics.
jawaharlal-nehru-chacha-ji teaser

Reprinted from Monty Pelerin’s World “Capitalism is not things; it is a mentality.” So stated Ludwig von Mises in a talk in mid 1952 in a series of lectures entitled Marxism Unmasked which he gave at the San Francisco library. Mises provided examples that

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Gold for Cash!

Tuesday, January 7th, 2014 by posted in Politics, Trade.
web-mint-gold30nw1

Need to balance the books? Why not sell your gold? This is the route the federal government is taking. The Conservatives plan to sell and/or melt over 200,000 gold coins. A majority of these coins date from 1912 to 1914.

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