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My letter to the Financial Times, London re: Do bank regulations actually work?

Friday, May 29th, 2015 by posted in Banking, Regulation.

Re: Banks face pushback over surging compliance and regulatory costs Re: ECB warns of risks posed by shadow banking sector Dear Sirs: Nowhere in your excellent article about shareholder concern over whether banks are spending their regulatory compliance money wisely

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My letter to the NY Times re: Why laid off American workers can’t find jobs

Re: The Perils of Globalization Dear Sirs: I believe that Binyamin Appelbaum may have unwittingly answered his own question about why American workers who lose their jobs–as illustrated by the former Maytag employees in Galesburg, Illinois–have such a difficult time

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The War on Cash Destroys a Small Entrepreneur

Friday, May 15th, 2015 by posted in Banking, Capitalism, Economics, Regulation.
100-dollar-bills-cash teaser

Reprinted from LewRockwell.com Lyndon McClellan is a small entrepreneur who owns and operates L & M Convenience Mart in Fairmont, North Carolina.  L & M comprises a gas station, convenience store, and a small restaurant serving hot dogs, hamburgers, and catfish

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“Surviving Or Thriving” – What Canada’s 40% Surge In Meat Prices Means

Thursday, May 14th, 2015 by posted in Capitalism, Economics, Regulation.
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Reprinted from Zerohedge: On the surface, Canada’s 1.2% inflation is negligible, and barely enough to keep up with the pace of overall growth as mandated by a few central bank academics. It is below the surface, however, that one finds

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The Curse of the Withholding Tax

Tuesday, May 5th, 2015 by posted in Politics, Regulation.
tax-return-prep

Reprinted from Mises.org Did you have to write out a check to the IRS for $5,581 this past April 15? If you had to do such a thing next year, would you think of it as your civic duty or

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Baltimore, D.C., and Panem All in One

Monday, April 27th, 2015 by posted in Politics, Regulation.
riots

The teen fiction series The Hunger Games is a hit in the United States, and it’s not hard to see why. The books, and spin-off movies, share an anti-authoritarian message combined with a complicated story of young romance. What’s really

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Critiquing a Monetary Reform for Iceland

Wednesday, April 22nd, 2015 by posted in Banking, Economics, Politics, Regulation.

The Prime Minister of Iceland recently commissioned a report by Frosti Sigurjonsson (henceforth referred to as “Mr. S”) to recommend a better money and banking system for Iceland. (I’m sorry, but isn’t Frosti a great first name for someone from

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When Not Getting What You Pay for is Preferred

Monday, April 20th, 2015 by posted in Foreign Policy, Regulation.
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In his book Bourbon for Breakfast: Living Outside the Statist Quo, libertarian writer Jeffrey Tucker sagaciously noted that we Americans “really don’t get all the government we pay for, and thank goodness. Lord protect us on the day that we

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My letter to the NY Times re: Please, make me unemployed!

Friday, April 17th, 2015 by posted in Economics, Politics, Regulation.

Re: In test for unions and politicians, a nationwide protest on pay Dear Sirs: I find it incredible that anyone, especially the vaunted New York Times, would treat with respect the fallacious concept that pay can be set arbitrarily–and enforced

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The Silk Road Back to Leviathan?

Friday, April 10th, 2015 by posted in Philosophy, Politics, Regulation.
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Reprinted from the Freeman “The Silk Road might have started as a libertarian experiment,” writes Henry Farrell in Aeon magazine, “but it was doomed to end as a fiefdom run by pirate kings.” Ross Ulbricht was recently convicted on seven

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The Battle Against Political Extremism

Monday, April 6th, 2015 by posted in Capitalism, Politics, Regulation.
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It is becoming more common for the mainstream media to warn Canadians about the threats posed by domestic extremists. This was emphasized by Vic Toews, the Canadian Minister of Public Safety, in his article entitled “Building Resilience Against Terrorism: Canada’s

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My recent interview on Power Trading Radio

Friday, April 3rd, 2015 by posted in Banking, Capitalism, Economics, Politics, Regulation, Socialism.

  Banking Expert: Germany Should Leave the European Union April 3rd, 2015 Patrick Barron is a consultant to the banking industry. He teaches Austrian school economics at the University of Iowa and Bank Managemant Simulation for the Graduate School of

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Statistics: Achilles’ Heel of Government

Friday, April 3rd, 2015 by posted in Politics, Regulation.
big-data teaser

This essay was published in Essays on Liberty, VIII (Irvington-on-Hudson, NY: Foundation for Economic Education, 1961), pp.255–261, and in The Freeman, June 1961, pp. 40–44.) It was republished in The Logic of Action Two (Edward Elgar, 1997, pp. 180 184).

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Oil Boom and Government Glut

Wednesday, April 1st, 2015 by posted in Capitalism, Environment, Regulation.
petroluem_reseruve

Reprinted from the Freeman It’s a sweet thing when Uncle Sam becomes a mega-buyer of your product. While the price of oil continues to plunge to record lows, drivers are celebrating, and oil executives are sweating it out. But never

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My letter to the NY Times re: New Pay Day Loan regs will hurt the working poor

Sunday, March 29th, 2015 by posted in Economics, Regulation.

Re: Agency wants to rein in payday loans Dear Sirs: Often payday lenders are the last tool of the working poor to forestall having utilities cut off, having a car repossessed (which can lead to losing one’s job), or even

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How and How Not to Desocialize

Wednesday, March 25th, 2015 by posted in Capitalism, Economics, Politics, Regulation.
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Reprinted from Mises.org Introduction It is generally acknowledged that bureaucrats are obstructing the process, but confusion abounds among free-market proponents themselves. Matters are scarcely helped by the fact that Western economists, to whom the former Eastern bloc is looking for

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Why We Should Use the Word “Taxpayer”

Monday, March 23rd, 2015 by posted in Politics, Regulation, Socialism.
Taxpayer-being-wrung-out-dolloars-falling

Elizabeth Stoker Bruenig has been on a tear lately. Her near-constant attacking of libertarians has brought her “vertically-integrated digital media company” a good deal of traffic. For this I say: congrats! Mrs. Bruenig, you’re as enterprising as the capitalist robber

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Net Neutrality: Triumph of the Ruling Class

Wednesday, March 11th, 2015 by posted in Capitalism, Politics, Regulation.
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Reprinted from Liberty.me A triumph of “free expression and democratic principles”? How stupid do they think we are? It’s been painful to watch the gradual tightening of government control in the name of net neutrality. The Federal Communications Commission’s decision

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Who Owns the Water?

Tuesday, March 10th, 2015 by posted in Economics, Law, Regulation.
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Reprinted from LewRockwell.com Dear Mr. Read: Congratulations on publishing the stimulating and challenging article on “Ownership and Control of Water” in the November issue of Ideas On Liberty. It is highly important that we think more about such fine points

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My letter to the NY Times re: Japan’s Solar Mandates Lack Free Market Coordinating Function

Friday, March 6th, 2015 by posted in Economics, Regulation.

Re: Japan’s Growth in Solar Power Falters as Utilities Balk Dear Sirs: One of the prime reasons for the failure of Japan’s solar power initiatives is the government’s ignorance of the coordinating function of the the free market. The article

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