Back in April, I reviewed a document called the “Financial System Reviewâ€, 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
(republished from “A View from the Trenches“) Click here to read this article in pdf format: November 10 2012 On October 21st, 2012, Ambrose Evans-Pritchard wrote a note titled “IMF’s epic plan to conjure away debt and dethrone bankersâ€, on UK’s
Reprinted from Forbes: Had he not passed away at the tender age of 92 in 1973, Ludwig von Mises would have turned 131 years old today. In my humble opinion, he was the greatest social thinker of the twentieth century.
It’s not often that you find someone in politics that has the character to do what’s right, and stand by what he believes regardless of the consequences to his career. It takes courage to stand up for what you believe
[youtube_sc url=http://www.youtube.com/watch?v=1d1rcaX-lzU] James E. Miller is editor-in-chief of the Ludwig von Mises Institute of Canada. Send him mail
Josh Barro of Bloomberg has an interesting theory. According to him, conservatives in modern day America have become so infatuated with the school of Austrian economics that they no longer listen to reason. It is because of this diehard obsession
This article appeared in today’s print and online edition of the National Post Within the pages of the National Post, a spat has erupted between writers David Cravit, John Moore and Barbara Kay. In light of the Quebec student protests,
Reprinted with permission from Acting-Man.com A Faible for Socialism We have often remarked on the soft spot the New York Times has for socialism. It is after all the ideology that is most popular among the self-proclaimed intelligentsia, as can
If we have to summarize what drove the action last week, we will say it was the speculation over an upcoming (perhaps in June) Growth Pact in the Euro-zone. That was all. That did the trick. There is really nothing,
While the motto of private enterprise is “the customer is always right,” the slogan of government is “the public be damned!” –Murray Rothbard Within the modern election cycle, it has become typical for political candidates, usually those quick to label
Leading neoconservative (read “closet Trotskyite“) commentator Charles Krauthammer’s latest Washington Post editorial pays homage to the glory days of NASA and the retirement of the space shuttle Discovery. Titled “Farewell, the New Frontier,” the piece evokes mental images of Uncle
Starting this week, 19,200 federal jobs in Canada are set to begin the process of elimination. Of the 19,200 positions, 12,000 workers will be getting pink slips. This is fantastic news and worthy of celebration. Yet Prime Minister Stephen Harper’s
Holy strawman! Check out Berkley economist/Keynesian heartthrob Brad Delong’s attempt at equivocating Mises’ criticism of fiat currency with the labor theory of value: The point of view underlying von Mises’s–and von Hayek, and Marx, and Ron Paul–complaint against fiat money
A recent statement by David Frum has been making the rounds on the internet recently that should give everyone pause: Imagine, if you will, someone who read only the Wall Street Journal editorial page between 2000 and 2011, and someone in
Originally posted on http://www.martindurkin.com/ On the television news they set up their annual ‘Climate Camp’ in London. The militant global warmers plant their tents on Blackheath and prepare to march on the City of London, to smash up some banks
There is scarcely an endeavor awash with more debate, allure, dogma and contempt than the business of financial speculation. The entire investment community is often derided as ‘just a bunch of gamblers’, the most successful speculators are often dismissed as
Today, September 29, 2006 is the one-hundred-and-twenty-fifth anniversary of the birth of Ludwig von Mises, economist and social philosopher, who passed away in 1973. Mises was my teacher and mentor and the source or inspiration for most of what I
Human society is an association of persons for cooperative action. As against the isolated action of individuals, cooperative action on the basis of the principle of the division of labor has the advantage of greater productivity. If a number of
The following was excerpted from The Anti-Capitalistic Mentality Critics level two charges against capitalism: First, they say, that the possession of a motor car, a television set, and a refrigeraÂtor does not make a man happy. Secondly, they add that
In The Foundations of Leninism, Stalin declared “For the overthrow of the bourgeoisie, we must have the efforts of the proletarians of several advanced countries.†What he secured instead was the slavish devotion of Western intellectuals who claimed to represent
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