Government intervention

L’externalité, le bien public, et l’intervention de l’État

Wednesday, August 19th, 2015 by posted in Capitalism, Economics, Education.

Un argument classique en faveur de l’intervention de l’État dans l’économie consiste à stipuler qu’il faut corriger les « échecs du marché ». Sans grande surprise, les économistes contemporains en dénombrent plusieurs. Je veux ici présenter deux exemples analytiquement similaires de ces

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Cyclical Unemployment Part 1

Thursday, March 12th, 2015 by posted in Capitalism, Economics.
unemployment_line teaser

Reprinted from the Freeman In the final analysis, government is solely responsible for the business cycle and the unemployment that results. Employment is an essential source of happiness and enjoyment. No man, properly occupied, can be miserable for long. To

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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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Enron: The Perils of Interventionism

Wednesday, October 30th, 2013 by posted in Capitalism, Economics.
enron teaser

Reprinted from Library of Economics and Liberty In mainstream thought, the fall of the once-iconic Enron Corporation (1986-2001) has become “Exhibit A” against unbridled business. To capitalism’s critics, its collapse was about more than one company’s bad management. Enron exposed

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Five reasons why the LCBO sad child posters should go down

Monday, May 13th, 2013 by posted in Civil Liberties, Education, Lifestyle, Regulation.
lcbo

The LCBO (Liquor Control Board of Ontario) is “an Ontario government enterprise and one of the world’s largest buyers and retailers of beverage alcohol.” Posters like the one below (Photo by: The Ethical Adman) can be seen in many LCBO

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The Beauty of the Market

Tuesday, March 12th, 2013 by posted in Capitalism, Economics, Politics, Trade.
Guy across the road

Last spring, I went to put a set of summer tires on my vintage BMW alloy wheels, but this routine operation did not turn out as planned. The e-mail below gives a fairly complete account of the event. I sent

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The Mess the Bank Made… and Denies

Monday, December 17th, 2012 by posted in Banking, Capitalism, Economics, Education, Politics, Regulation.
bank-of-canada

Back in April, I reviewed a document called the “Financial System Review”, published semi-annually by the Bank of Canada.  Due to the dire warnings contained therein, I thought it necessary to produce a more user-friendly summary of the information the

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The MTA and State Propaganda

Sunday, October 21st, 2012 by posted in Capitalism.

The New York City subway system has a problem – a big problem.  It has done what most government agencies and non-privately-owned businesses do, namely, run up huge deficits and make promises it cannot keep.  Given that the subway system

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The Ontario Teacher’s Ponzi Plan

Tuesday, October 16th, 2012 by posted in Economics, Education.
OTPP Logo

The 21st century has been one marked by low interest rates and even lower real interest rates. In response to the dot-com crisis of 2001 Western governments embarked on a policy of low interest rates in order to stimulate the

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A Portrait of the 2011 CMHC

Monday, July 16th, 2012 by posted in Banking, Capitalism, Economics, Regulation, Trade.
CMHC Teaser

Dear readers, it’s happened again. The federal government is once again revising its rules on mortgage lenders. The new revisions are mostly a repeat of the changes they made back in January 2011, and that I reported on in a

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Lies, Special Interests and Plastic Bags

Plastic Bags

The environmental movement continues its jack-booted march down the road to serfdom.  I normally wouldn’t mind, except that they’re taking us all with them.  Before I get in to the meat of this article I think it would help for

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Introduction to Economics

Friday, May 25th, 2012 by posted in Capitalism, Economics, Regulation, Socialism.

If you are new to the subject, this article will be for you. You will find no complicated formulas or theories here, just a few basic concepts. There will be some in depth explanations and examples through the embedded links for those

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U.S. Housing Prices Back to Their 2002 Levels

Tuesday, February 28th, 2012 by posted in Economics, Regulation.

Chalk up another failure for Federal Reserve Chairman Ben Bernanke. More than three years after pumping an unprecedented amount of liquidity into the global financial system (read: print money), Bernanke’s wild experimentation in monetary policy has failed to bring the

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The Decline and Fall of the Roman Denarius

Monday, February 27th, 2012 by posted in Banking, Capitalism, Economics, History, Politics.
Fall of Rome

History repeats itself, so the scholars say.  But according to Mark Twain it just rhymes.  Literary quips and hair-splitting aside, I’ve found that one of the most valuable things anyone can do to advance their knowledge and understanding of the

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Do Government Regulations Create Jobs?

Monday, February 13th, 2012 by posted in Economics.

The obvious answer is, of course, yes.  If bureaucrats are put in charge of enforcing the latest and greatest scheme dreamt up by politicians deluded enough to believe themselves capable of utopian engineering, than employment rolls invariably increase.  And when

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Forecloser Settlement in U.S.- The Proper Course of Action?

Thursday, February 9th, 2012 by posted in Banking.

After years of litigation, the United States government, along with the governments representing the fifty states, has reached a joint settlement with the country’s five major banks and mortgage lenders over their questionable practices of mortgage foreclosure.  Via Financial Times:

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Problem Solving and the Economy

Tuesday, January 31st, 2012 by posted in Economics.

While reading “Developing the Leader Within You” by John Maxwell, I was intrigued by the chapter dealing with problem solving. As I was going through it, it reminded me of what should be done to solve the problems with the economy and

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Sanjay Paul- Central Banking Apologist

Saturday, January 21st, 2012 by posted in Economics.

The following is a piece I wrote as a response to an editorial written in the Harrisburg Patriot News by Elizabethtown College economics professor Sanjay Paul.  The piece, unfortunately, didn’t get picked up so I will reproduce it here.  It’s

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Mercantilism and Ontario’s Wine Industry

Monday, January 16th, 2012 by posted in Capitalism.

The policies of mercantilism that harken back to the days of the 17th century are alive and well in modern day Ontario.  But in this case, the industry in favor of the so-presumed enlightened public officials is not one normally

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What a Property Bubble Looks Like

Wednesday, January 11th, 2012 by posted in Economics.

Though this video is well over a year old, it’s still pertinent today as it demonstrates the sheer amount of resources that become dedicated to a central bank fueled frenzy.  Behold, a 30 story hotel completed in just 15 days

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