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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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New Laws on Prostitution Will Victimize the Women

Thursday, February 27th, 2014 by posted in Civil Liberties, Regulation.

Laws against the economic associates of prostitutes are likely to increase the abuse and death rates of the women. The best way – and, perhaps, the only sure way – to protect prostitutes is to decriminalize all aspects of the activity and allow them to access fully the legal rights that other women enjoy.

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Pharmacy Wars

Wednesday, February 26th, 2014 by posted in Capitalism, Health Care, Regulation.
Apotheosis teaser

The Ontario Government’s war on drugs is entering a new and more dangerous phase that is bringing increasing violence to the most unexpected of places: the province’s pharmacies. One normally thinks of pharmacies as being places of peace and quietude.

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Economics of Daddy Days

Saturday, February 22nd, 2014 by posted in Economics, Law, Regulation.
baby-in-crib

Imagine if everyone was the same. Imagine if traditional social roles were completely obliterated. Imagine if egalitarianism wasn’t a pipe dream but reality. And imagine if our very understanding of biology and nature was turned topsy-turvy. At a recent Atlantic

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New EU credit card proposal will harm small businesses

Friday, February 21st, 2014 by posted in Capitalism, Economics, Regulation.

From today’s Open Europe news summary: The European Parliament’s economic affairs committee yesterday voted in favour of a proposal to limit credit card payment fees charged to retailers by banks at 0.3% of the transaction value, reports EUobserver. Negotiations with

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My letter to the NY Times re: Fuel Economy Economic Nonsense

Thursday, February 20th, 2014 by posted in Capitalism, Economics, Regulation.

Re: Obama Orders New Efficiency for Big Trucks Dear Sirs: President Obama needs a lesson in Econ 101.  Requiring that business meet a new fuel economy standard in order to achieve some environmental goal, no matter how discredited the theory,

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My letter to the NY Times re: A tale of two banking models

Thursday, February 20th, 2014 by posted in Banking, Capitalism, Economics, Regulation.

Re:  Fed Closes a Loophole for Banks Overseas Re: Lending Where Banks Can’t: Blackstone Thrives in Ireland Dear Sirs: These two articles appeared on the front page of your Business Day section on Wednesday, February 19, 2014.  Nothing could more completely

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My letter to the NY Times re: The Fallacy of Planning–set Detroit free

Wednesday, February 19th, 2014 by posted in Capitalism, Civil Liberties, Economics, Politics, Regulation.

Re: A Picture of Detroit in Ruin Dear Sirs: Detroit does not need another worthless plan in order to deal with its problems.  To what end will a “blight plan” be put?  This is the question that should have been asked

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The Right to Say No

Tuesday, February 18th, 2014 by posted in Law, Politics, Regulation.
logo_cap1

In his book Groundwork of the Metaphysics of Morals, German philosopher Immanuel Kant deduced the axiomatic case for why theft is wrong. Because man should act, at all times, as if his behavior can be made universal in law, he

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Capitalism and Fast Food: Delicious Bedfellows

Tuesday, February 18th, 2014 by posted in Capitalism, Regulation.
burger

The World Health Organization has released a lovely little report on the effects of economic deregulation on the consumption of fast food and the average Body Mass Index (BMI) of citizens. To the surprise of no one, the nutrition police

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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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