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Preston Manning’s Honesty On Carbon Tax Shows Why It’s Dangerous

Saturday, December 27th, 2014 by posted in Economics, Environment.

Last month Preston Manning had an interesting piece in The Globe and Mail in which he outlined a strategy for getting the public to support government measures of “harnessing markets and fiscal policy” in order to correct negative externalities, especially

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The Banking System Can’t Lend Out Reserves, But a Bank Can

Saturday, December 27th, 2014 by posted in Banking, Economics.

This post will seem simple to some, but I want to correct a slight confusion I’ve seen over the last several years in the economics blogosphere. (I was motivated to write because of an exchange with Nick Freiling, who loves

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Randians versus Rothbardians

Monday, December 22nd, 2014 by posted in Capitalism, Uncategorized.

It’s easy and often entertaining to take potshots at leftist progressives who want the federal government to run health care (sorry Canadians), or at right-wing neoconservatives who want the federal government to run the world (sorry Americans). But the truly

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The Keynesian Desperation Regarding 1920-21 Is Now Embarrassing

Monday, December 22nd, 2014 by posted in Economics.

In a previous post, I discussed the newfound interest in the United States’ depression of 1920-21 because of Jim Grant’s book. As I explained in my post, Grant is following in the tradition of several free-market writers (including me) who

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Will lifting the embargo bring prosperity to Cuba?

Monday, December 22nd, 2014 by posted in Capitalism, Economics, Politics.

On December 17th, the White House announced that it would restore full diplomatic relations with Cuba. This is certainly a step in the right direction. Nevertheless, ending the American embargo on Cuba – something Mr. Obama cannot do without approval

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January Toronto Mises Meet!

Monday, December 22nd, 2014 by posted in Events.

Ring in the new year with your liberty-loving friends from the Mises Canada! Join the Ludwig von Mises Institute of Canada for our monthly meet up this Tuesday, January 20, at 7 pm, at the Pauper’s Pub! Enjoy food, beverage,

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The Austrian Case Against Economic Intervention

Monday, December 22nd, 2014 by posted in Economics, Regulation.

The basic unit of all economic activity is the un-coerced, free exchange of one economic good for another based upon the ordinally ranked subjective preferences of each party to the exchange. To achieve maximum satisfaction from the exchange each party

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In (Reluctant) Defense of Food Babe

Friday, December 19th, 2014 by posted in Economics, Regulation.

I love watching debates like this unfold. The “Food Babe,” a blogger and activist dedicated to misinforming people for fun and profit, has been making headlines, both positive and negative, for her over the top claims about food additives by

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Russia takes a page out of the Paul Volcker playbook

Tuesday, December 16th, 2014 by posted in Economics, Regulation.

From Zero Hedge: Russia Shocks With Emergency  Rate Hike The move by the Bank of Russia to drastically raise rates is the first break by a major central bank in the worldwide Keynesian dogma that lower rates are required to

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Do Treasury Yields Prove QE Had No Effect?

Monday, December 15th, 2014 by posted in Economics.

Now that the third round of quantitative easing (“QE3″) has officially ended, proponents of looser money are gleefully pointing to low U.S. Treasury yields as (apparent) proof that the Fed never had anything to do with low interest rates. Ironically,

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Down with Grumpy Cat

Monday, December 15th, 2014 by posted in Capitalism, Economics, Socialism.

“The proletarians have nothing to lose but their chains. They have a world to win. Working Men of All Countries, Unite!” – Karl Marx In our dire era of increasing economic inequality, we need a symbol for the oppression of

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Krugman’s Uncertainty

Thursday, December 11th, 2014 by posted in Banking, Capitalism.

Attending the “Managing the Economy: Main Street, Wall Street and the Federal Reserve” on 9th December 2014, I was able to hear Dr Paul Krugman speak on issues of monetary policy and fiscal policy. Fiscal policy was deemed irrelevant early

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Attend the Austrian Scholars Conference Feb. 20-21

Thursday, December 11th, 2014 by posted in Capitalism, Economics, Education.

Grove City College will host the eleventh annual Austrian Student Scholars Conference, February 20-21, 2015. Open to undergraduates and graduate students in any academic discipline, the ASSC will bring together students from colleges and universities across the country and around

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How Far are you Willing to Go?

Wednesday, December 10th, 2014 by posted in Civil Liberties, Law, Philosophy.

When I was in college (at the progressive stronghold Oberlin College in Ohio), the most profound influence I received was the tutelage of philosophy professor Tim Hall, a libertarian whose area of expertise was ethics. In his Philosophy and Values

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Denmark joins Switzerland in mad rush to destroy its currency

Wednesday, December 10th, 2014 by posted in Economics, Trade.

Denmark promises to match the ECB’s money printing craze First the normally sane Swiss promise to match the European Central Bank’s money printing mania. Now the Danes’ have succumbed to the same insane fever. These central bankers harbor the fallacious

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Paper Submission Alert: Austrian Economics Research Conference 2015

Tuesday, December 9th, 2014 by posted in Capitalism, Economics, Education.

The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn,

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Chris Rock: Bring the Pain of Economic Ignorance

Monday, December 8th, 2014 by posted in Capitalism, Economics, Regulation.

Late in his life, Murray Rothbard had a law that stated: “people tend to specialize in what they are worst at.” While the aphorism is definitely true about some specialists, more often than not the reverse is accurate. Artists have

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To LIcense or Not to License

Monday, December 8th, 2014 by posted in Capitalism, Economics.

Imagine the following scenario: Two adults, both in full possession of their faculties, agree to engage in a certain interaction, which they both expect to be mutually beneficial. But this activity is fraught with risk. There is a distinct imbalance

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Will Prediction Markets Undermine State Power?

Friday, December 5th, 2014 by posted in Economics.

Prediction markets are wonderful things. They apply the power of markets to elicit the best available entrepreneurial knowledge and insight, and they do so for things that ordinarily couldn’t be subject to market exchange. A steel futures market, a market

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Are these two events linked?

Friday, December 5th, 2014 by posted in Banking, Economics.

From today’s Open Europe news summary: According to documents seen by Reuters, Eurozone finance ministers are considering extending Greece’s bail-out programme, due to end this year, by six months to the middle of 2015. However, a Greek government official insisted that

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