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The futility of bank regulation in a repressed monetary regime

Thursday, February 26th, 2015 by posted in Economics, Regulation.

Re: The Futility of Bank Regulation Under a Monetary Regime of Financial Repression, by Jeffrey P. Snider   I have admired the writing of Mr. Snider for some time now. His latest missive is long and detailed, but I was

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The Austrian Solution to Greece

Wednesday, February 25th, 2015 by posted in Economics, Politics, Regulation.
Main-Greece-Pic-Athens2

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 Government Bundle: Would You Like War with Your Health Care?

Monday, February 23rd, 2015 by posted in Economics, Law, Regulation.
ontario-pc-leader-tim-hudak

A recent business innovation that has seen wide market acceptance is the bundling of goods and services.  For example, telecommunications providers such as Bell and Rogers often bundle their phone and Internet services.  Such bundling provides substantial benefits for both

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My letter to the NY Times re: Why the Fed is perplexed about interest rates

Sunday, February 22nd, 2015 by posted in Economics, Regulation.

Re: Fed Appears to Hesitate on Raising Interest Rates Dear Sirs: Austrian School economists are not at all perplexed about what to do with interest rates, because our understanding of economics and especially monetary policy is superior to that of

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Government Spending and Regime Uncertainty

Monday, February 9th, 2015 by posted in Capitalism, Politics, Regulation.
power-plant-c-sxc

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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Eating Right

Friday, February 6th, 2015 by posted in Health Care, Lifestyle, Regulation.
BUFFETphoto

Reprinted from the Freeman Food has always been political. Throughout history, armies have razed crops and demographics have shifted in response to hunger. Political correctness now drives the civics of food with bountiful nations attempting to dictate what people can

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The Lamps Are Going Out

Wednesday, February 4th, 2015 by posted in Capitalism, Politique, Regulation.
english_t

Reprinted from Taki’s Magazine Last night the streetlights in my pleasant little English market town were switched off at midnight. In fact they’ve been switching them off at midnight for two months, but I have not been here to notice it. However, in

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“Left-Over” Women and Gender Inequality in China

Tuesday, February 3rd, 2015 by posted in Capitalism, Economics, Regulation.
shanghai

Whoever has read The Pride and Prejudice must remember Mrs. Bennet, whose major concern is to marry off her daughters. When her second daughter Elizabeth told her that she is going to be with Mr. Darcy, her reaction is that

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In Defense of Uber’s Surge Pricing

Friday, January 30th, 2015 by posted in Capitalism, Economics, Regulation.
uber_pic

Reprinted from the Freeman The smartphone-coordinated ride-sharing company Uber has come under fire for charging “outrageous” prices during peak demand times. I will defend the general principle of “surge pricing,” which performs the vital social function of drawing forth supply

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A Graphical Introduction to the Austrian Business Cycle Theory

Tuesday, January 27th, 2015 by posted in Banking, Capitalism, Economics, Regulation, Uncategorized.
Bear_Stearns_in_CanaryWharf_London

A Graphical Introduction to the Austrian Business Cycle Theory By: Gaurav Mehra Twitter: @GMehra_ Email: gmehra@alumni.uwo.ca   For a pdf version of this article: Intro to ABCT – Final   Business cycles, simply put, are the fluctuations of economic growth

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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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The U.S. Cannot Afford to be the World’s Police

Wednesday, January 21st, 2015 by posted in Economics, Foreign Policy, Regulation.
Cargo supplies are piled on the tarmac at the Ramstein U.S. air base in central Germany

Reprinted from the Press and Journal The recent shooting at the French satirical magazine Charlie Hebdo by Islamic extremists has reignited the debate on how to handle the threat of terrorism. The renewed talk is understandable. As horror extraordinaire H.P. Lovecraft

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Will the ECB Soon Fire Up the Printing Presses?

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

There is growing anticipation that the European Central Bank will pull the QE (quantitative easing) trigger at its upcoming meeting on January 22nd. Never mind that such an action explicitly violates article 104 of the Maastricht treaty (article 123 of

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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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Jean-Serge Brisson vs. Canada’s Tax Collectors: A Modern Day Story of David vs. Goliath

Wednesday, December 31st, 2014 by posted in Capitalism, Economics, Regulation.
brisson_teaser

“Thus David triumphed over the Philistine with a sling and a stone; he hit the Philistine and killed him, though he had no sword in his hand.”  – 1 Samuel Chapter 17. Imagine a small businessman standing up to the

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The Economic Lessons of Bethlehem

Thursday, December 25th, 2014 by posted in Capitalism, History, Regulation.
AdorationOfTheMagi-teaes

Reprinted from LewRockwell.com At the heart of the Christmas story rests some important lessons concerning free enterprise, government, and the role of wealth in society. Let’s begin with one of the most famous phrases: “There’s no room at the inn.”

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America: Land of the Whipped and Whimpering

Tuesday, December 23rd, 2014 by posted in Civil Liberties, Foreign Policy, Regulation.
tsa_agents_teaser

Reprinted from Casey Research In this land of the free and home of the brave, a friend of mine wrote about an experience he had at the airport recently. Having taken his watch off to pass through the TSA scanner,

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The Austrian Case Against Economic Intervention

Monday, December 22nd, 2014 by posted in Economics, Regulation.

The basic unit of all economic activity is the un-coerced, free exchange of one economic good for another based upon the ordinally ranked subjective preferences of each party to the exchange. To achieve maximum satisfaction from the exchange each party

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In (Reluctant) Defense of Food Babe

Friday, December 19th, 2014 by posted in Economics, Regulation.

I love watching debates like this unfold. The “Food Babe,” a blogger and activist dedicated to misinforming people for fun and profit, has been making headlines, both positive and negative, for her over the top claims about food additives by

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