Blog  RSS Feed

My interview on Mises.org re: The End of the US Dollar Imperium, Part 2

Friday, October 31st, 2014 by posted in Capitalism, Economics, History, Politics.

Patrick Barron: The End of the US Dollar Imperium, Part 2 Jeff Deist and Patrick Barron continue their discussion on monetary imperialism. They delve deeper into US dollar supremacy, and how it might end with a whimper instead of a

No comments yet

My latest interview on Power Trading Radio re: European developments that may prove positive in the long run

Friday, October 31st, 2014 by posted in Banking, Economics, Politics.

Click below to hear my latest interview on Power Trading Radio. I discuss in more detail the various movements in Europe that I view as economically positive in the long run. The interview last approximately one half hour with two

No comments yet

The Dangers of Settled Science

Friday, October 31st, 2014 by posted in Philosophy, Politics.

Evolution is one of the most cherished doctrines of the worshippers of science. Whenever we hear the angry shouts of settled science, it is either in reference to climate change or evolution. Anyone who dares question these theories is treated

1 comment

The Housing Boom Returns

Friday, October 31st, 2014 by posted in Capitalism, Economics.

For the last decade (or more), Canadians have been ebullient about their home-grown housing boom. Home prices in Toronto have grown by leaps and bounds over the past decade. New homeowners have rushed in to take advantage of what seems

No comments yet

The Deflation Boogeyman

Thursday, October 30th, 2014 by posted in Banking, Capitalism, Economics.

Here we go again.  A plunge in oil prices has spurred a bevy of articles from the bought-and-paid-for media, as well as quasi-governmental agencies, alerting us of pending disaster if deflation were allowed to make an entrance, however briefly. Never

No comments yet

QE’s Seeds are Already Sown

Thursday, October 30th, 2014 by posted in Banking, Capitalism, Economics.

The Federal Reserve has finally ended its quantitative easing programs. Since the financial crisis of 2008, the Fed has pursued what seemed like an endless policy of asset purchases. As recently as September 2008 the monetary base in the US

No comments yet

Dudley the Dud

Wednesday, October 29th, 2014 by posted in Banking, Capitalism, Economics.

Six years after the financial crisis rocked the world economy, it’s a safe bet to say the Federal Reserve will never take responsibility for the debacle. And why should it? To both mainstream pundits and academics, the Fed saved the

No comments yet

Regulate through taxation

Wednesday, October 29th, 2014 by posted in Capitalism, Civil Liberties, Economics.

One lesson from the United States’ Obamacare debacle has been that if Congress can’t get its way through regulation, it can always resort to taxes. At least that’s the Supreme Court’s view, after it declared the Affordable Care Act constitutional

No comments yet

Mises on Policy 1.1

Tuesday, October 28th, 2014 by posted in Mises on Policy.

Is New York City’s Proposed Ban on the Use of Supplemental Nutrition Assistance Program Benefits for Purchases of Sugar-Sweetened Beverages Effective Policy?  Larissa Flister  In 2011, New York City mayor Michael R. Bloomberg proposed a ban on using Supplemental Nutrition

1 comment

Why Money Doesn’t Measure Value, Part II

Tuesday, October 28th, 2014 by posted in Economics.

In a previous post, I explained why Ludwig von Mises was so adamant that money doesn’t “measure” value, in the way that a ruler measures length or a scale measures weight. But I could tell from the discussion on my

1 comment

Patrick Barron interview with Jeff Deist re: The End of the US Dollar Imperium-Part 1

Sunday, October 26th, 2014 by posted in Banking, Economics, Politics.

Play video Jeff Deist and Patrick Barron address the issue of monetary imperialism. How does the US use the dollar as a weapon of economic and cultural power? How long can it last? What might the unprecedented… 00:17:01 Added on

No comments yet

Would Milton Friedman Endorse Today’s “Market Monetarists”?

Saturday, October 25th, 2014 by posted in Economics.

In addition to the (New) Keynesians and the Austrians, a major school of economic thought has been the monetarists in the Chicago School tradition, led of course by Milton Friedman. In recent years, however, a new school has arisen–the so-called

1 comment

Europe’s banks are going bust, and accounting tricks will not save them

Saturday, October 25th, 2014 by posted in Banking, Economics.

Europe’s Gong Show at Work: Back Taxes and Busted Banks The EU is doing everything it can to paper over the fact that its policies have turned the banks into what David Stockman likes to call “Roach Hotels”, where bad

No comments yet

Cass Sunstein Doesn’t Understand Rationality

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

People are still apparently paying attention to Cass Sunstein and his insidious brand of “nudge” economics, and so it is necessary to continually expose the economic, ethical, and moral fallacies inherent in his philosophy. In brief, Sunstein contends that humans

No comments yet

Legal Victory for the IRS

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

With the IRS scandals of early 2014 all but a distant memory, some closure is coming to the groups that the long arm of the tax law harassed. Unfortunately the verdicts aren´t going the way the affected would like. The

1 comment

Why Money Doesn’t Measure Value

Thursday, October 23rd, 2014 by posted in Economics.

Anyone who knows him personally would attest that David Gordon is a troublemaker. He lived up to this label with a recent review of the new book by Steve Forbes and Elizabeth Ames. Gordon took them to task for referring

1 comment

There Was No Contagion

Thursday, October 23rd, 2014 by posted in Banking, Capitalism, Economics.

If you use the word “contagion” these days, people are likely to think you’re talking about ebola. Backup five years ago, and contagion was the buzzword to describe the financial crisis. The European government bond market was falling apart, and

1 comment

The End of Suffering

Wednesday, October 22nd, 2014 by posted in Philosophy.

The alleviation of human suffering is a noble and admirable goal. Indeed, the vast majority of all of men’s efforts throughout the centuries have been directed towards reducing suffering, from medicine and technology, to philosophy and religion. Anything we can

2 comments

CATO Institute Creates new fed-focused Center for Monetary and Financial Alternatives.

Tuesday, October 21st, 2014 by posted in Uncategorized.

From the Wall Street Journal: The Cato Institute has some bones to pick with the Federal Reserve. The Washington libertarian think tank this week will launch a new Center for Monetary and Financial Alternatives. Its goal: challenge the central bank’s

No comments yet

Connecticut’s Homeschooling Crackdown

Tuesday, October 21st, 2014 by posted in Education.

Never to let a good crisis go to waste, the state is using this as a chance to crack down on a practice it has long disapproved of: homeschooling. Reportedly as a response to the high profile shooting at Sandy

No comments yet