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How Should Prices Be Determined?

Friday, September 19th, 2014 by posted in Uncategorized.
pricetag_teaser

[Free Market Economics: A Basic Reader (1966; 1974)] “How should prices be determined?” To this question we could make a short and simple answer: prices should be determined by the market. The answer is correct enough, but some elaboration is necessary

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Who Will Defend the Rule of Law in Europe?

Friday, September 5th, 2014 by posted in Uncategorized.

From Open Europe news summary of September 5, 2014: ECB surprises markets with rate cut and purchases of private assets; Ruparel: Pressure rises on eurozone governments as ECB nears end of its policy tools The ECB yesterday surprised markets by

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Ludwig von Mises: Inspiring Think Tanks Across The Globe

Wednesday, August 20th, 2014 by posted in Uncategorized.
mises canada

There is a great article that is worth checking out over at Forbes by Alejandro Chafuen on the numerous Mises instutes that have popped up around the world since the founding of The Mises Institute USA in 1982. The free enterprise

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The Empirical Nature of the Praxeological Method

Tuesday, August 19th, 2014 by posted in Uncategorized.
prax

The praxeological method has long been a category of Austrian economics that brings great interest to me. Originally, it was the “shiny” aspects of the school that drew me to Austrianism. Business cycle theory is just one such example. However,

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Against “The Pragmatic Libertarian Case for the Basic Income Guarantee”

Friday, August 15th, 2014 by posted in Uncategorized.
mzwolinski

Self-styled “Bleeding Heart Libertarian” Matt Zwolinski is out with a new series of essays defending a “basic income guarantee” (BIG). For those who don’t know, a BIG is a program where the government gives everyone, regardless of wealth or income,

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Journal of Prices & Markets Summer 2014 Available Now

Sunday, July 6th, 2014 by posted in Uncategorized.
PM-2-Front-Cover-791x1024

Mises Canada is proud to announce the release of Volume 2, Issue 2, Summer 2014 of the Journal of Prices & Markets. You can download the latest edition here. This summer’s edition features the writing of Dave Howden, Doug French, Walter

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It’s Official – German Gold is Staying in New York at The Federal Reserve

Wednesday, June 25th, 2014 by posted in Uncategorized.

Republished from Liberty Blitzkrieg Michael Krieger | Posted Monday Jun 23, 2014 at 10:58 am *Update: A couple of people have made a stink about this post claiming that it is misleading because the prior agreed upon repatriation schedule has not actually changed. That said, anyone

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Government Motors Fails Again

Tuesday, June 17th, 2014 by posted in Uncategorized.
East German Trabant

Reposted from Forbes General Motors has provided more fodder for Chief Executive Officer Mary Barra’s return engagement with Congress.The Detroit-based automaker recalled another 3.16 million 2000 to 2014 model year vehicles, according to a U.S. regulatory filing Monday. It was

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The inevitability of Private Healthcare in Canada in one chart

Friday, May 30th, 2014 by posted in Uncategorized.
2013-14NFLDBudget

  Graph Courtesy of the Government of Newfoundland and Labrador Don’t forget those Pension liabilities and Debt. Republished from the CBC: Rising debt a massive challenge, Charlene Johnson says Newfoundland and Labrador’s net debt will push close to the $10-billion

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Honoring War Heroes

Sunday, May 18th, 2014 by posted in Foreign Policy, Uncategorized.

On May 9th, the Globe and Mail featured “In photos: Faces of honour on a day marking Canada’s Afghan mission.” The piece was introduced with the words, “Day-long event commemorates Canada’s sacrifices during guerilla war that claimed the lives of

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Taking Inventory of Conventional GDP Accounting

Friday, May 16th, 2014 by posted in Economics, Uncategorized.

From a Misesian perspective, there are numerous problems with conventional GDP accounting. The most fundamental problem is that it focuses on spending as the measure of production. So long as we’re dealing with genuine market transactions, this is somewhat defensible–if

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Black Box Banking

Thursday, May 1st, 2014 by posted in Uncategorized.

Bank of America announced it had miscalculated and overstated its regulatory capital by $4 billion.  The Wall Street Journal’s David Reilly doesn’t see any issues with the big bank’s solvency. “Granted, what happened is complicated, involving the classification for regulatory,

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Putin’s Strong Hand

Wednesday, April 16th, 2014 by posted in Uncategorized.

The TV talking heads in the U.S. don’t believe Putin is much of a threat because the Russian economy is so poor. I’m not sure what they are comparing it to. As far as government finances go, as I point

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DS joins Mises Canada

Tuesday, April 15th, 2014 by posted in Uncategorized.
detlevschlichter0

Interest in the Austrian School of Economics and the work of Ludwig von Mises has been on the rise for some time, and happily, this trend seems to be continuing, as can be seen, among other things, from the spread

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Politicians Prevent Cooperative, International Exchange

Thursday, March 20th, 2014 by posted in Uncategorized.

From today’s Open Europe news summary: Speaking in the Bundestag this morning, Chancellor Angela Merkel warned that due to the complexity of the negotiations over the EU-US free trade agreement, the risk of failure had to be taken seriously, although

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Staples Celebrates The Recovery With 225 Store Closures, Sales Plunge

Thursday, March 6th, 2014 by posted in Uncategorized.

Reposted from Zerohedge: Nothing says global ‘economic recovery’ like a major retailer drastically missing revenue expectations, slashing earnings projections and announcing it will shutter 225 stores nationwide. Staples, the largest US office supplies retailer, hit the triple whammy and didn’t blame

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Satoshi Nakamoto revealed!

Thursday, March 6th, 2014 by posted in Uncategorized.
Bitcoin-Accepted-Here-Waves-Coffeehouse-Vancouver-by-Marc-van-der-Chijs

Satoshi Nakamoto has been revealed! ‘Satoshi Nakamoto‘, the mysterious founder and creator of the biggest digital cryptocurrency ‘Bitcoin‘ has reportedly been unmasked as a 64-year-old father of six living in Temple City, Southern California.   Satoshi Nakamoto introduced Bitcoin to the world

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Slavery Could Not Last in an (Otherwise) Free Market

Saturday, March 1st, 2014 by posted in Economics, Uncategorized.
slave

With all of the hubbub recently over slavery and its (alleged) ties to Austro-libertarianism, I thought it important to point out that the very nature of a market economy is incompatible with the institution of slavery. Note, I am NOT

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Central Bankers: Inflation is God’s Work

Friday, February 21st, 2014 by posted in Uncategorized.

Inflation is always somebody else’s fault. Ludwig von Mises called out finger pointing central bankers and politicians decades ago in his book, Economic Policy. “The most important thing to remember is that inflation is not an act of God, that

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Canaries in the Coal Mine: Junk Food and Suicide

Saturday, February 1st, 2014 by posted in Uncategorized.
Canaries in the Coal Mine: Junk Food and Suicide

Veggies have fallen from number three to number nine on the top 10 Super Bowl foods list. Pizza and Buffalo Wings are instead climbing the charts.  And fruit, ranked 6 last year, has fallen out of the top 10. According

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