Regulation  RSS Feed

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

No comments yet

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. 


Bill de Blasio and his Horses

Tuesday, January 7th, 2014 by posted in Law, Philosophy, Regulation.

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,

No comments yet

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


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

1 comment

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


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

No comments yet

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.

1 comment

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


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

No comments yet

Kotlikoff on Unfunded Federal Liabilities, 2013: $205 Trillion

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

Reprinted from 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

1 comment

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,

No comments yet

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

No comments yet

Against “The Libertarian Case for a Basic Income”

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

Matt Zwolinski, of Bleeding Heart Libertarians fame, has a new post on 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


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


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

No comments yet

Soaring High Without Big Data

Monday, November 25th, 2013 by posted in Foreign Policy, Politics, Regulation.
big-data teaser

Now that the U.S. government shutdown is behind us it is instructive to review what we went without for those weeks. Recently writing for the Financial Times, Robin Harding reported that experts feared that the U.S. government would be “flying blind”

1 comment

Krugman’s Clear Crystal Ball

Thursday, November 21st, 2013 by posted in Banking, Capitalism, Economics, Regulation.

Free market economists use New York Times columnist and Nobel Laureate Paul Krugman as their constant punching bag. He makes a convenient target. He’s uber-Keynesian, providing a constant flow of liberal cheerleading and wrong-headed economics.  Austrian fanboys and Facebook friends

No comments yet

Taking Pride in State Failure

Wednesday, November 20th, 2013 by posted in Philosophy, Politics, Regulation.

What do “normal” people want from politics? Conor Friedersdorf of The Atlantic contends to know. In a recent diatribe, he slams National Review Editor-at-Large Jonah Goldberg for taking sweet delight in the failed rollout of President Obama’s signature health care

No comments yet

Increased Minimum Wage, Decreased Economic Prosperity

Saturday, November 16th, 2013 by posted in Economics, Politics, Regulation.

Standard microeconomic theory shows that deviations of a price from its natural level bring forth bad results. In my experience, students most easily grasp the pernicious effects of price controls when phrased in terms of the minimum wage. Long story