What Price a Planned Economy? Part 2

Monday, January 19th, 2015 by posted in Capitalism, Economics, Law.

Originally published in Contemporary Review of London, April 1938. Reprinted from IV But if democracy had to abdicate only from the control of economic life, this might still be regarded as a minor evil compared with the advantages expected from

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What Price a Planned Economy? Part 1

Thursday, January 15th, 2015 by posted in Capitalism, Economics, Law.

Originally published in Contemporary Review of London, April 1938. Reprinted from The link between classical liberalism and present-day Socialism — often still misnamed liberalism — is undoubtedly the belief that the consummation of individual freedom requires relief from the

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Einstein, Socialism and the Relativity of Intelligence

Friday, October 24th, 2014 by posted in Economics, Philosophy.

(original version in Italian: – translation by author) The fact that socialism, in every single one of its expressions (“right”, “left”, “no-global”, incoherently pro-market, etc.), is linked to an objective and specific deficiency of intellectual ability, is well known

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Libertarianism, Socialism, and Subjectivism

Friday, October 10th, 2014 by posted in Philosophy.

Consistency. This is undoubtedly the one word that any libertarian, when given the chance to describe their philosophy, would pick. Interestingly enough, when there is a remarkable amount of diversity amongst the rationalization of the libertarian position. The intellectual grounding

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Engineers and Planners

Wednesday, October 8th, 2014 by posted in Capitalism, Economics, Regulation, Socialism.

[This article is excerpted from The Counter-Revolution of Science, pp. 94–102.] Reprinted from The Engineer The ideal of conscious control of social phenomena has made its greatest influence felt in the economic field. The present popularity of “economic planning”

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Fighting Fires

Friday, August 8th, 2014 by posted in Capitalism, Economics.
Forest-Fire teaser

Reprinted from According to Terry L. Anderson and Daniel Botkin, “Fighting Western Fires with Economics” is a good idea. Were I writing an essay with this title, I would emphasize the role of private property rights. If all forests

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The Truth About Che Guevara

Monday, July 28th, 2014 by posted in History.
The Truth About Che Guevara

The real truth behind one of the most controversial, charismatic and popular rebels of the twentieth century.

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Saving Socialists From Themselves

Saturday, June 14th, 2014 by posted in Capitalism, Economics.

French Socialist President Francois Hollande won his election in 2012 on a platform to soak the rich and protect the generous welfare state. Now his Prime Minister Manuel Valls is warning that such policies could cause the French left to

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Happy Mother Earth Day, Citizen!

Wednesday, April 23rd, 2014 by posted in Civil Liberties, Economics, Education, Environment, Philosophy.

I’ll bet you forgot to buy a card and gift, didn’t you? Boy, is your face red! Did you even know it’s International Mother Earth Day today, citizen? Socialist despot Evo Morales and his buddies at the United Nations sure


Cuba Woos Foreign Investors

Wednesday, March 26th, 2014 by posted in Capitalism, Economics, Socialism.

One of socialism’s last men standing, Cuba has recently softened its stance on foreign investment. In a bid to attract capital to the stagnant economy, a newly proposed foreign investment law would cut taxes on foreigners in half to 15%

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Don’t Believe In Free-Market Medicine? Have You Ever Seen the Inside of a Venezuelan Supermarket?

Sunday, March 23rd, 2014 by posted in Capitalism, Economics.

Reprinted from It was in early autumn of 1989 that the drunkard Boris Yeltsin, soon-to-be president of the Soviet Union, visited, for the first time in his life, a supermarket in Houston, Texas. Not long afterward, in his autobiography Against

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The “Nation” as a Device To Create a Psychological Crowd

Friday, February 28th, 2014 by posted in Philosophy, Politics, Socialism.
canada teaser

Reprinted from One device of leadership is to control individual behavior by psychological means. Gustave Le Bon’s 1895 book “The Crowd: A Study of the Popular Mind” outlines this phenomenon. The leader uses events to short-circuit rational thought and regress people

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The Playbook Venezuela: The Communist Manifesto

Wednesday, January 22nd, 2014 by posted in Capitalism, Economics.
nicols-maduro-venezuela-1 teaser

Reprinted from Mises Brazil The economic turmoil that castigates Venezuela has received increasing international media attention over the past few months.  In September, the  ongoing shortage of toilet paper  (which occurred after the food shortages and blackouts in the power sector) led

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Capitalism Is A Mentality

Wednesday, January 8th, 2014 by posted in Economics, Philosophy, Politics.
jawaharlal-nehru-chacha-ji teaser

Reprinted from Monty Pelerin’s World “Capitalism is not things; it is a mentality.” So stated Ludwig von Mises in a talk in mid 1952 in a series of lectures entitled Marxism Unmasked which he gave at the San Francisco library. Mises provided examples that

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Where Have the Entrepreneurial Doctors Gone?

Tuesday, January 7th, 2014 by posted in Capitalism, Economics, Health Care.

To the socialist planners in Ontario’s medical industry, the entrepreneurial doctor is a serious danger – one that needs to be extinguished as soon as possible lest patients realize that there is a better way. There is no better example

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Reforming the Canada Pension Plan

Monday, January 6th, 2014 by posted in Capitalism, Economics, Socialism.
retirees teaser

Amongst other ways that Canada is unique, it has a fully funded pension plan. Not too many countries can lay claim to this fact, and south of the border it is reported that only one (!) state pension is even


Memo to Ed Miliband: My Marxist father was wrong, too

Tuesday, November 19th, 2013 by posted in Capitalism, Education, Philosophy.
engels teaser

Reprinted from the Telegraph Edward Miliband and I have something (not much) in common: we both had Marxist fathers. In my case, however, it turned me against all that my father stood, or pretended to stand, for. I saw that

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Government’s Poor Resource Distribution

Friday, November 15th, 2013 by posted in Capitalism, Economics, Law.

It doesn’t take an economist to realize there are unintended consequences for every action. They may not be plain of view or immediately apparent, but negative ramifications are often the price we pay for mistakenly believing humanity is invincible. Progressives

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The Plan Isn’t Working

Thursday, November 14th, 2013 by posted in Capitalism, Economics.
obamacare failure teaser

Reprinted from Laissez Faire Books You didn’t want to be the guy chosen to tell Stalin that the wheat crop failed or the production quotas on trucks and cars were not met. Why? Because despots always blame people, not systems.

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Venezuela Government “Occupies” Electronics Retail Chain, Enforces “Fair” Prices

Sunday, November 10th, 2013 by posted in Capitalism, Economics.

Reprinted from The socialist paradise that is Venezuela has already shown the Federal Reserve just how the world’s greatest “wealth effect” can be achieved courtesy of the Caracas stock market returning over a mindblowing 475% in 2013. Of course,