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The IMF is Dead Wrong on Low Interest Rates

Thursday, April 24th, 2014 by posted in Economics, Regulation.
Hot Orange Interest Rate Border

In its just-published World Economic Outlook the IMF trumpets the view that the real level of equilibrium interest rates worldwide has declined substantially since the 1980s and is now in slightly negative territory. There is a good Irish word to

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The Obsession With Flight 370

Wednesday, April 23rd, 2014 by posted in Law, Politics, Regulation.
malaysia flight teaser

Reprinted from LewRockwell.com Before anyone jumps to the conclusion that I am insensitive to the fate of the 239 persons aboard Malaysian Airlines Flight 370, and to their families and friends, let me assure you that I empathize as much

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The Food Police Turn to the Bottle

Tuesday, April 22nd, 2014 by posted in Capitalism, Regulation.
nutrition-booze

Continuing my “meddling bureaucrats trying to tell us what to eat” series, I recently discovered that the FDA is planning to start requiring nutrition labels on alcoholic beverages. Apparently they are worried that sorority girls pounding cosmos might be getting

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Let a Thousand Home Businesses Bloom

Tuesday, April 22nd, 2014 by posted in Capitalism, Economics, Regulation.
square teaser

Reprinted from FEE.org Imagine you’re out of work. But you’ve got capital in your talents, your home, and your family and friends. You might try to start a microbusiness at home to earn a little extra income and make ends

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My letter to the NY Times re: Ignoring the elephant in the room

Wednesday, April 9th, 2014 by posted in Economics, Law, Regulation.

Re: Cities Advance Their Fight Against Rising Inequality Dear Sirs: The latest assault on economic science is led by the usual suspects–politicians, labor unions, intellectuals, and not-for-profit advocacy groups–who clamor for raising Seattle’s minimum wage to fifteen dollars an hour.  The

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No criticism of the Fed allowed

Saturday, April 5th, 2014 by posted in Banking, Capitalism, Economics, Regulation.

Re: Jeremy Stein to Resign From Fed Board to Return to Harvard Now, no one would ever call Harvard professor Jeremy Stein an Austrian school economist, so it is illuminating how even his modest questioning of Quantitative Easy is not allowed

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How the Drug War Failed Philip Seymour Hoffman

Wednesday, April 2nd, 2014 by posted in Politics, Regulation, War on Drugs.
philip-seymour-hoffman-found-dead teaser

Reprinted from Mises.org Now that sufficient time has passed since the death of Philip Seymour Hoffman, it is time to assess if there is anything positive that we can learn from this tragic and horrific event. Some questions may never

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The New Inquisition

Monday, March 31st, 2014 by posted in Capitalism, Regulation.
spanish inquisition the rack

There have always been things that “society” at large, meaning governmental authorities with the power to enforce their ideas, have considered more important than the individual liberty of the citizenry. If an idea is deemed sufficiently vital, it is easy

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A Lifeboat for Jerome Murdough

Saturday, March 29th, 2014 by posted in Capitalism, Politics, Regulation.
Hot Cell Death

In his Ethics of Liberty, libertarian theorist Murray Rothbard makes short work of popularly employed “lifeboat situations.” Devising untenable situations to trip up ideologues is a common tactic of debaters (admittedly, I am prone to the same behavior from time

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How the Food Police Undermine Human Intentionality

Friday, March 28th, 2014 by posted in Philosophy, Regulation.
dont-eat

One of the key things that separates humans from animals is the ability to make plans and then act on those plans. That humans have intentions is the basis of all morality, economics, and law. As such, it is important

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The New Deal for the Youth?

Thursday, March 27th, 2014 by posted in Capitalism, Economics, Regulation.
new deal

“It’s time for Canada to offer a new deal to its young people.” That’s how the uber-liberal state worshippers at the Broadbent Institute introduced a new plan to fix the Great North’s ailing economy and boost the job prospects of

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Creating Unemployment and Poverty

Tuesday, March 25th, 2014 by posted in Capitalism, Economics, Politics, Regulation.

From today’s Open Europe news summary: In an interview with Die Welt, Jean-Claude Juncker, the EPP’s candidate for European Commission President, argues, “As Europeans we have been active in many areas except for social policy where we have taken a

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The Meaning of Social Constructs

Friday, March 21st, 2014 by posted in Philosophy, Politics, Regulation.
Mussolini_mezzobusto

Imagine trying to debate the differences between cats and dogs with someone. But throw in one caveat: neither you nor your fellow debater know what a cat or dog is. Any kind of discussion on the playfulness of canines versus

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A Faux Fix for Traffic Congestion in Toronto

Thursday, March 20th, 2014 by posted in Capitalism, Economics, Environment, Politics, Regulation.

Re: Proposal to ban cars every other day in Toronto Traffic congestion in certain cities is being met in the traditional ineffective, statist way; i.e., don’t fix it; just make it illegal by prohibiting cars to enter the city every

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Google: Friend of Liberty or Tyranny?

Tuesday, March 18th, 2014 by posted in Civil Liberties, Economics, Regulation.
google-sign teaser

One of the biggest themes in science fiction has always been paranoia, and the dark implications of new technologies – technologies that initially seem like unalloyed positives but which are found to have set the stage for society to evolve

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More Insanity from the European Union

Friday, March 14th, 2014 by posted in Capitalism, Economics, Regulation.

Fascinating excerpts from the March 14, 2014 Open Europe news summary in italics and my comments below each: All mobile phones and some other electronic appliances on the European market will have to come with a standard charger by 2017

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Raise the Minimum Wage? A Socratic Dialogue

Tuesday, March 4th, 2014 by posted in Capitalism, Economics, Regulation.
socrates teaser

Reprinted from FEE.org The ancient sage Socrates, a giant in the foundation of Western philosophy, was known for a teaching style by which he aggressively questioned his students. He employed his Socratic method as a way to stimulate logical, analytical

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A Letter from Cass Sunstein

Monday, March 3rd, 2014 by posted in Politique, Regulation, Socialism.
Cass-Sunstein

From the desk of Cass Sunstein Former Administrator of the White House Office of Information and Regulatory Affairs Former appointment to NSA Advisory Panel March 3, 2014 Hello there citizen! I hope you are enjoying your day. I also hope

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Stop the Presses: Environmentalists Argue for Fewer Regulations

Friday, February 28th, 2014 by posted in Capitalism, Regulation.
drycleanonly_lrg

No one likes to boss other people around more than environmentalists. Their wildly unrealistic policy agenda combined with an innate disdain for other humans makes them alarmingly aggressive about imposing their wills on others, regardless of any negative impacts these

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My letter to National Review Magazine re: Stop applauding Ben Bernanke

Thursday, February 27th, 2014 by posted in Capitalism, Economics, Politics, Regulation.

Dear Sirs: In your February 24th edition under “The Week” recap of significant news events you make the astounding statement that Ben Bernanke should be applauded for his massive money printing, interest rate pegging, socialist monetary planning maneuvers during and after

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