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The Airlines Work for Uncle Sam

Friday, August 1st, 2014 by posted in Foreign Policy, Politics, Regulation.
airlines teaser

Reprinted from Casey Research Anyone who’s traveled by air this year knows airfares are up, scheduling is tight, and the seats are even tighter. You’re thinking the airlines must be printing money, right? Not exactly. The 26 remaining domestic carriers


Lies for Empire

Tuesday, July 29th, 2014 by posted in Foreign Policy, Politics, Regulation.

In his provocative cover story “Why Liberalism Means Empire” for The American Conservative, Daniel McCarthy makes a rather astounding claim: that liberalism, or rather laissez faire secular order, needs a state hegemon to be long-lasting. I call this argument astounding because

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The Mighty Return of the Twinkie: A One-Year Retrospective

Monday, July 28th, 2014 by posted in Capitalism, Economics, Regulation.
twinkies teaser

Reprinted from It was November 2012 when the bankrupt Hostess company pulled the Twinkie from production and sent many generations of sponge-cake lovers, including me, into panic. Then only a 8 months later, July 15, 2013, all became right

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Metal Machine Parenting

Friday, July 25th, 2014 by posted in Lifestyle, Regulation.

It’s the stuff of nightmares. Metal demons frankensteined into being for the purpose of molding children’s behavior to fit the government’s definition of “acceptable.” Is this the plot of a low-budget 1950s science fiction film? Am I going to wake

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Canada Versus Crooners

Wednesday, July 23rd, 2014 by posted in Regulation.

Government regulations destroy  many things that are important to us. Licensing laws prevent us from practicing our chosen profession. Taxes rob us of our hard earned money. Lately, the food police have been trying to take away our most cherished,

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Can a Leopard Change Its Spots?

Monday, July 21st, 2014 by posted in Capitalism, Politics, Regulation.

Last month an article entitled “The Lack of Major Wars May Be Hurting Economic Growth” was published in the New York Times. On first glance I thought the author, Tyler Cowen, was going to offer a standard argument for increased

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The Ever-Tightening Noose of Airport Security

Friday, July 18th, 2014 by posted in Regulation.

How afraid are you when you get on a plane? More importantly, how afraid should you be? Ever since the terrorist attacks on September 11, 2001, fear of flying has been a constant presence in the western world. Immediately following


New digital currency backed by gold

Thursday, July 17th, 2014 by posted in Civil Liberties, Economics, Politics, Regulation.

Gold backed digital currency People often ask me how gold can be used as a currency, since it would be almost impossible to create a coin that would be small enough to conduct everyday transactions, such as buying a cup


Felipe VI, Vivat Rex

Wednesday, July 2nd, 2014 by posted in Philosophy, Politics, Regulation.
spain-king-felipe teaser

On 20 June 2014, a man little known outside the Spanish-speaking world became a little better known as Felipe Juan Pablo Alfonso de Todos los Santos de Borbón y de Grecia succeeded his father to become King Felipe VI of


Living Like a Refugee

Tuesday, July 1st, 2014 by posted in Capitalism, Regulation.
Waiting-in-Airport teaser

Reprinted from For one evening, I was the most valuable person in the world. About 10 people regarded me this way, in any case. They were 10 among five hundred of my fellow refugees, sleeping on cots under bright

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My Trip Through Detroit

Monday, June 23rd, 2014 by posted in Law, Regulation.
tsa teaser

On 5th March 2014, I was detained at Detroit airport, just before I was to board the plane. “I will decide if you will go on this plane or not,” shouted a US custom official with an stress on “I”,


Make a New Nation, in the Digital Cloud

Sunday, June 22nd, 2014 by posted in Capitalism, Law, Regulation.

We’ve come a long way in 100 years. We’ve moved from the first terrifying experiment in the use of violence as a universal tool of world order – embodied in the murderous “Great War” — to the point where we

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How to follow IMF advice

Thursday, June 19th, 2014 by posted in Capitalism, Economics, Regulation.

From today’s Open Europe news summary: The FT reports that the IMF will today urge the ECB to consider US-style ‘quantitative easing’, including “large scale” purchases of government bonds, to tackle low inflation and boost growth in the eurozone. FT More monetary

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My letter to the Financial Times, London re: Fed oversight will not prevent shadow bank losses

Wednesday, June 18th, 2014 by posted in Banking, Economics, Regulation.

Dear Sirs: In his June 17th essay titled “Make shadow banks safe and private money sound” Mr. Paul McCulley displays a good understanding of the functional mechanics of commercial bank credit creation, shadow bank credit creation, and the powers of

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The Minimum Wage Law and Welfare Payments

Wednesday, June 18th, 2014 by posted in Capitalism, Economics, Regulation.
minwage teaser

Reprinted from I think it important to pulverize the case for the minimum wage law. I am guided in this determination by the Jesuit notion of the preferential option for the poor. (Hey I have spent 14 years teaching

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In Defense of the Silk Road

Monday, June 16th, 2014 by posted in Capitalism, Regulation, War on Drugs.
silk_road01 teaser

Reprinted from Remember Napster? It was a solution that was strangled by government. But this action killed nothing. It started a new era of file sharing and online music distribution that has changed the dynamic of the world economy.

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Measuring Unemployment

Tuesday, June 10th, 2014 by posted in Capitalism, Economics, Regulation.
unemploymentline teaser

Unlike other factors of production, it’s difficult to define when and how many workers are unemployed. A weight of steel or a kilowatt hour of electricity is either employed or not. A human, on the other hand, can be classified


Why is There So Much Confusion in Macroeconomics?

Monday, June 9th, 2014 by posted in Capitalism, Economics, Philosophy, Regulation.
money-printing1 teaser

Should we print, not print? Stimulate, not stimulate? Is austerity the right or wrong policy? Is government spending or printing effective? If we ask two economists these questions, we will likely get three opinions for each question. Economists seem confused,


Down with Legal Tender

Friday, June 6th, 2014 by posted in Banking, Capitalism, Economics, Regulation.
canadiancurrency teaser

[This article is excerpted from chapters 4, 5, and 6 of Denationalisation of Money: the Argument Refined.] Reprinted from When one studies the history of money, one cannot help wondering why people should have put up for so long with

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America’s Electronic Police State

Thursday, June 5th, 2014 by posted in Civil Liberties, Intellectual Property, Regulation.
cameras teaser

Reprinted from The modern surveillance state is referred to as an electronic police state because it uses technology to monitor people in order to detect and punish dissent. The authorities exert social control through spying, harsh law enforcement, and

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