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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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The problem with wind and solar as power sources

Wednesday, January 8th, 2014 by posted in Economics, Environment, Regulation.

Re: Renewable energy fiasco in Germany Here are the basics of electricity generation–it must provide either base power or on-demand power, and it cannot be stored.  Base power today is provided mostly by nuclear and coal plants and some hydroelectric. 

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Bill de Blasio and his Horses

Tuesday, January 7th, 2014 by posted in Law, Philosophy, Regulation.
NYC-Horse-Carraiges

Stop me if you’ve heard this one before. A new political leader is swept into power. The voters, with their bleeding hearts and gleaming eyes, are ready for change. They want a great leap forward. “Out with the oppressive old,

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Fractional-“Collateral” Money Creation

Friday, January 3rd, 2014 by posted in Banking, Capitalism, Economics, Regulation.

Economists view the money creation process through two separate channels. Each has its own economic effects as well as risks. In the current fiat monetary system, central banks can increase the amount of base money through their open-market operations. The

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China’s Failing One-Child Policy

Monday, December 30th, 2013 by posted in Capitalism, Economics, Regulation.
china one child teaser

Implemented in 1979 in a bid to alleviate social, economic and environmental problems in China, the country’s one-child policy was once heralded as a textbook example of good government policy. Faced with a reduction in the availability of health-care services

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A Simple Math Question for Bankers

Saturday, December 28th, 2013 by posted in Banking, Economics, Education, Law, Regulation.

Think back to your high-school math class, and reminisce about this question: “Train A departs from Union Station at noon travelling eastward to Halifax at a speed of 80km/hr. Train B departs three hours later from the same station travelling

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Rogoff, Reinhart and Ricardian Equivalence

Tuesday, December 24th, 2013 by posted in Banking, Economics, Regulation.

The largest economics controversy of the year belonged to Ken Rogoff and Carmen Reinhart for their research describing the relationship between economic growth and government debt. Their research, based on their popular book looking at the striking similarities between recurring

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It’s Not About Rights

Saturday, December 14th, 2013 by posted in Law, Philosophy, Regulation.
hayes carney

The idea of a government-supplied basic income is, once again, making rounds. The proposal is even tugging on the ear of some so-called libertarians. And yet, a tax-financed income for all is nothing new in the realm of political discourse.

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A Christmas Gift for Torontonians

Saturday, December 14th, 2013 by posted in Economics, Politics, Regulation.

Do you shop at Home Depot? If so, then I have some good news for you this Christmas season. It turns out that Home Depot’s higher ups have decided to stage a big expansion in Canada. They are going to

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My letter to the NY Times re: Free Market Capitalism Works Every Time

Thursday, December 12th, 2013 by posted in Economics, Regulation.

Re: Dwindling Tools to Raise Wages, by Eduardo Porter Dear Sirs: Economic law is a deductive and not empirical science, meaning that market research cannot determine the effects of raising the minimum wage.  We know by the laws of logical deduction

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Kotlikoff on Unfunded Federal Liabilities, 2013: $205 Trillion

Tuesday, December 10th, 2013 by posted in Economics, Politics, Regulation, Socialism.
obamawh teaser

Reprinted from LewRockwell.com The nonpartisan Congressional Budget Office is acting in a bipartisan way to cover up the biggest single threat to the bipartisan political alliance that is stripping America of its wealth: the United States Congress. There is no

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Canadian Artists Need to Swim on Their Own

Saturday, December 7th, 2013 by posted in Capitalism, Regulation, Socialism.
harper painting

Getting involved with politics is always a dicey move. This is especially so considering the only reason for seeking out the state is personal benefit. Whatever advantage one derives from the political class stays in a period of authoritative limbo,

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From Busker to Beggar: How the State Keeps Down the Poor

Friday, December 6th, 2013 by posted in Capitalism, Economics, Regulation.
street musician, prague_std_std

As surprising as it may be to some, I was not always the zealous and single-minded advocate for liberty I am today. For three years, I studied film scoring at the Berklee College of Music in Boston, Massachusetts, where a

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Against “The Libertarian Case for a Basic Income”

Friday, December 6th, 2013 by posted in Philosophy, Politics, Regulation.
zwolinski

Matt Zwolinski, of Bleeding Heart Libertarians fame, has a new post on Libertarianism.org in which he attempts to defend a so-called “Basic Income Guarantee”, whereby the government pays everyone (or a very large portion of people) a minimum amount of money regardless

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Lies, Damned Lies, and Government Statistics

Friday, December 6th, 2013 by posted in Economics, Politics, Regulation.
us-bureau-of-labor-statistics-office teaser

Reprinted from WindRock Wealth Management There are three kinds of lies: lies, damned lies, and statistics. -          Mark Twain, 1906[1] With all due respect to Mr. Twain, he did not extend the thought far enough – government statistics trump all

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American Thanksgiving

Friday, November 29th, 2013 by posted in Civil Liberties, Economics, History, Law, Regulation.

Today, Black Friday, millions of Americans are lining up at stores to get the bargains they have waited a year for. Many Canadians are probably also making the trek across the border to partake in this now great tradition. In

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