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First step in raiding Europe’s private savings

Thursday, February 13th, 2014 by posted in Capitalism, Civil Liberties, Economics, Law, Politics.

From today’s Open Europe news summary: According to a leaked document, seen by Reuters, the European Commission is probing ways to unlock the investment potential of EU citizens’ savings to boost the economy. The Commission will also ask the European

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Just one example why printing money is irresistible

Thursday, February 13th, 2014 by posted in Capitalism, Economics, Politics.

From today’s Air Force Magazine online: Congress Restores COLA Increases   The Senate voted 95-3 on Wednesday to restore full cost-of-living pension increases for working-age military retirees. The vote comes one day after the House approved the measure with a

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My letter to the NY Times re: A balanced government budget is NOT the definition of success

Monday, February 10th, 2014 by posted in Capitalism, Civil Liberties, Economics, Education, Politics.

Re: Economy and Crime Spur New Puerto Rico Exodus Dear Sirs: Reporter Lizette Alvarez makes the common mistake of equating a balanced government budget with success.  She lauds new Puerto Rican president Garcia Padilla for reducing the deficit by seventy

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Should We Leave Them Behind?

Saturday, February 8th, 2014 by posted in Capitalism, Philosophy, Politics.
working poor

Political talk radio has to be one of the worst mediums for intellectual debate. The hosts are often irritable to the point of delusion. The platitudes are banal, recycled from presidential elections at least a half-century old. The callers are

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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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