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Russia takes a page out of the Paul Volcker playbook

Tuesday, December 16th, 2014 by posted in Economics, Regulation.

From Zero Hedge: Russia Shocks With Emergency  Rate Hike The move by the Bank of Russia to drastically raise rates is the first break by a major central bank in the worldwide Keynesian dogma that lower rates are required to

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A Bit More about Equality and Liberty

Monday, December 15th, 2014 by posted in Philosophy, Politics, Regulation.
Egalitarian_and_equality_logo_teaser

Logan Albright suggests that equality is “a very, very broad term, with myriad meanings and interpretations.” But it isn’t really very broad in meaning, although its applications are indeed very wide – just as the term ‘red’ refers to the same

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Is Secession a Right?

Friday, December 12th, 2014 by posted in Philosophy, Politics, Regulation.
1861-Slave-State-Map-from-Harpers_teaser

Reprinted from Mises.org Grant defeated Lee, the Confederacy crumbled, and the idea of secession disappeared forever, or at least that’s what the conventional wisdom says. Secession is no historical irrelevance. Quite the contrary, the topic is integral to classical liberalism.

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Mockingjay Part I: No Romance in Revolution

Thursday, December 11th, 2014 by posted in Civil Liberties, Politics, Regulation.
jennifer_lawrence_pic

Reprinted from Liberty.me Surely there has to be a better way. That was my non-stop thought through the whole of the viewing of Mockingjay Part I, a brilliant addition to the Hunger Games series. It picks up where the last

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Chris Rock: Bring the Pain of Economic Ignorance

Monday, December 8th, 2014 by posted in Capitalism, Economics, Regulation.
chris-rock

Late in his life, Murray Rothbard had a law that stated: “people tend to specialize in what they are worst at.” While the aphorism is definitely true about some specialists, more often than not the reverse is accurate. Artists have

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The Internet Memory Hole

Monday, December 8th, 2014 by posted in Capitalism, Civil Liberties, Regulation.
forgotton

Reprinted from the Freeman Imagine you are considering a candidate as a caregiver for your child. Or maybe you are vetting an applicant for a sensitive position in your company. Perhaps you’re researching a public figure for class or endorsing

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Freedom of the Press

Thursday, November 27th, 2014 by posted in Civil Liberties, Education, Regulation.
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Reprinted from The Anti-Capitalistic Mentality (1954) Freedom of the press is one of the fundamental features of a nation of free citizens. It is one of the essential points in the political program of old classical liberalism. No one has

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The Path to the Perfect Reserve Currency

Tuesday, November 25th, 2014 by posted in Banking, Economics, Politics, Regulation.

Much has been written lately, including by me, about the coming rejection of the dollar as the primary reserve currency of the world’s most important central banks. My prediction is based upon two things: one, that the Federal Reserve is

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The Case Against Rent Control

Tuesday, November 25th, 2014 by posted in Capitalism, Economics, Regulation.
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Reprinted from The Freeman To someone ignorant of economic reasoning, rent control seems like a great policy. It appears instantly to provide “affordable housing” to poor tenants, while the only apparent downside is a reduction in the income flowing to

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Tax Avoidance is NOT Tax Evasion

Friday, November 14th, 2014 by posted in Politics, Regulation.

From today’s Open Europe news summary: The Telegraph reports that David Cameron is expected to use the G20 gathering of world leaders this weekend to press for greater sharing of tax information to crackdown on avoidance. Open Europe’s Raoul Ruparel is quoted

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National Security: The New State Religion

Friday, November 14th, 2014 by posted in Civil Liberties, Politics, Regulation.
nsa utah 2_0

Reprinted from Casey Research Salt Lake City is a religious town. The awe-inspiring Mormon Temple dominates a SLC skyline framed by the majestic Wasatch Mountains. Virtually all of downtown is owned by the church, and everyone is welcome to come

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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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Modified: GMO Labels that Work

Wednesday, November 5th, 2014 by posted in Capitalism, Environment, Regulation.
corn-field_teaser

Originally posted in edited form at Law & Liberty Fascism is the political triumph of fashion-sense; etymologically, the words even share a distant ancestor. The reason is this: when the “in” crowd wrests the levers of power from the “out” crowd,

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The Hero of Parliament Hill Was an Armed Man

Tuesday, November 4th, 2014 by posted in Law, Regulation.
browning-9-mm-m

Officer:  Mam, do you have any weapons in your car? Lady:  Yes, I have four guns. Officer:  Four guns!  What are you afraid of? Lady:  Not a damn thing, officer. The downtown area of Ottawa was in a military lock-down

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Ebola Won’t Wait for the FDA

Wednesday, October 29th, 2014 by posted in Capitalism, Economics, Regulation.
ebola_teaser

Just as fear of Ebola gaining a foothold in the United States in Dallas seemed to be passing, a new case has appeared in New York City. Even if we are so fortunate that no further cases result from this

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Crony Phony Drug War

Friday, October 17th, 2014 by posted in Civil Liberties, Regulation, War on Drugs.
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Reprinted from the Freeman The Wall Street Journal recently reported that the FedEx Corp. pleaded not guilty in a San Francisco federal court “on 15 charges related to transporting painkillers and other prescription drugs that had been sold illegally.” The

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If Something Can’t Go on Forever, It Won’t

Thursday, October 16th, 2014 by posted in Banking, Economics, Regulation.
debt_teaser

Reprinted from the Pembroke Daily Observer There is an old saying that if you owe the bank ten thousand dollars and can’t pay, you are in trouble, but if you owe the bank ten million dollars and can’t pay, the bank

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Venezuela’s Biggest Shortage

Wednesday, October 8th, 2014 by posted in Capitalism, Civil Liberties, Economics, Regulation.

Venezuela’s socialist government has beset the population with all sorts of terrible travesties, from high inflation to shortages of toilet paper. Now the country’s poor citizens have one more shortage to grapple with: breast implants. Apparently the country’s restrictive currency

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Engineers and Planners

Wednesday, October 8th, 2014 by posted in Capitalism, Economics, Regulation, Socialism.
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[This article is excerpted from The Counter-Revolution of Science, pp. 94–102.] Reprinted from Mises.org The Engineer The ideal of conscious control of social phenomena has made its greatest influence felt in the economic field. The present popularity of “economic planning”

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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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