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Outlawing “Bankruptcy” in Europe

Sunday, February 16th, 2014 by posted in Banking, Education, Events, Politics, Politique, Regulation.

The European Union (EU) is currently discussing banning “bankruptcy.” Not the actual financial act, but the word. Apparently there is a stigma attached to going bankrupt. It leaves people thinking that perhaps you are not credit worthy and that they

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Turning Their Backs on Sweden’s Welfare State

Wednesday, February 12th, 2014 by posted in Capitalism, History, Regulation.
Stockholm-City-Sweden-Wallpaper teaser

Reprinted from Circle Bastiat As noted by e.g. Reason.com, Yahoo! News recently reportedthat Swedes are increasingly turning their backs on their globally lauded utopian welfare state. While very little known, Sweden’s welfare state “worked” through the early 1970s thanks to deliberately preserving

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Bitcoin Bank Run, Take 2

Tuesday, February 11th, 2014 by posted in Banking, Economics, Law, Regulation.

Enough people were upset with my previous post claiming that Mt. Gox is suffering a bitcoin bank run because it is holding only a fractional bitcoin reserve that it caused me to think twice about the claim. I could have

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NASA, the Aerospace Welfare Queen

Monday, February 10th, 2014 by posted in Capitalism, Economics, Regulation, Socialism.
nasa teaser

Reprinted from Strike-the-Root.com The National Aeronautics and Space Administration (NASA) is a textbook example of how to quash free scientific inquiry. It also is a lesson in transforming potentially useful citizens into high-speed drains on the U.S. Treasury. Instead of

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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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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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The Case against Public Science

Tuesday, January 28th, 2014 by posted in Education, Regulation, Socialism.
scientist teaser

Reprinted from Cato Journal For libertarians, economic growth is the growth that barely speaks its name. That is because conventional opinion asserts that economic growth is the gift of government. Secondary issues such as the efficient distribution of goods and

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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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Legislating Banking Confusion through Conflicting Laws

Thursday, January 23rd, 2014 by posted in Banking, Law, Regulation.
Confusing_street_signs teaser

What do the following road signs share in common? You probably answered that they are all confusing, and I would agree. Some of you would have answered that they all involve conflict, and that too is correct. The most astute

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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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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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How Government Cutbacks Ended Sweden’s Great Depression

Monday, January 20th, 2014 by posted in Regulation, Socialism.
stockholm teaser

Reprinted from Mises.org During the recent financial crisis, Sweden has emerged as one of very few financially sound economies. The country’s strong position, setting it apart from most Western nations, makes it an interesting example of what could — or

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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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A Question for Ford Motor Company

Saturday, January 18th, 2014 by posted in Capitalism, Economics, Regulation, Trade.

Re: Ford threatens to leave Britain if Britain leaves the EU Would Steve Odell change his mind if, at the same time that Britain left the EU, it adopted unilateral free trade?  I don’t see why he would not (change

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The Dao of the Austrian Investor

Friday, January 17th, 2014 by posted in Economics, Lifestyle, Regulation.
chicago board of trade teaser

Reprinted from Mises.org [The Dao of Capital: Austrian Investing in a Distorted World. By Mark Spitznagel. Wiley Press, 2013.] The economy is extremely complex. As Leonard Read taught, no single individual in the world knows how to make something as simple

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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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Unemployment Benefits and the Disutility of Labor

Thursday, January 9th, 2014 by posted in Economics, Regulation, Socialism.
unemployment benefits

Nineteenth century American politician and newspaper editor Gideon Tucker once wrote, “no man’s life, liberty or property are safe while the Legislature is in session.” The quote has been popularly attributed to Mark Twain, and is invoked in polemics damning

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