Blog  RSS Feed

Scott Sumner’s Incredible Arguments on the Swiss Currency Peg

Friday, January 30th, 2015 by posted in Economics.

Recently the Swiss National Bank (SNB) dropped the peg it had established in September 2011, holding the Swiss franc at 1.2 to the euro. Unlike the pegs of weaker, less trustworthy monetary authorities, the aim of the Swiss policy was

No comments yet

In Denmark You Are Now Paid To Take Out A Mortgage

Friday, January 30th, 2015 by posted in Uncategorized.

As per my thougths on “the logical end of Keynesianism is just handing people money”, this article is republished from zerohedge With NIRP raging in the Eurozone and over €1.5 trillion in European government bonds trading with negative yields, many

1 comment

I beg to differ…

Friday, January 30th, 2015 by posted in Economics, Politics.

Re: CAT CEO says strong dollar bad for US economy Here come US exporters, right on schedule, complaining that a strong national currency is bad for them and for the US economy. Not so. When a nation debases its currency

No comments yet

Why the welfare state grows, and grows, and grows…

Thursday, January 29th, 2015 by posted in Law, Politics.

Re: George Will on the mushrooming welfare state Columnist George Will puts recent research into the adverse consequences of the welfare state into words that we all can understand. However, I do not think that he gets to the heart of

No comments yet

Loose Fed, Scared Bank Directors

Wednesday, January 28th, 2015 by posted in Uncategorized.

The Fed’s balance sheet now foots to nearly $4.5 trillion, a great leap from early July 2008, when its total assets were less than $900 billion.  Interest rates have been held just above zero since then as well, all in

No comments yet

Financial Myth Busting: The Bubble Economy

Monday, January 26th, 2015 by posted in Banking, Economics, Politics.

This weekend, I had the pleasure to be a guest on the radio program Financial Myth Busting with Dawn J. Bennett. We discussed the inability or unwillingness of politicians and economists alike to learn from past mistakes, and the consequences

No comments yet

My letter to the NY Times re: Not really a favorable market reaction

Saturday, January 24th, 2015 by posted in Banking, Economics.

Re: Stimulus for Eurozone, but it may be too little or too late Dear Sirs: Your analysis of the likely effect of the European Central Bank’s proposed massive quantitative easing program is full of economic fallacies that, unfortunately, masquerade as

1 comment

PhD-Standard Monetary Crack Up

Saturday, January 24th, 2015 by posted in Banking, Economics, History.

The hills are alive with the panic of central bankers. First there was the fallout from the Swiss National Bank’s decision to unshackle the Franc from the Euro. Then, how much Q Mario Draghi put with his E. It turns

No comments yet

Get ready for negative interest rates in the US

Saturday, January 24th, 2015 by posted in Banking, Economics.

Re: Dollar rise puts Fed under pressure I predict that the Fed will start charging negative interest rates on bank reserve accounts, which will ripple through the markets and result in negative interest rates on savings at banks. I make

No comments yet

Thom Hartmann’s Bogus Tax History

Wednesday, January 21st, 2015 by posted in Economics.

I’ve seen some pretty crazy things from the Facebook page “U.S. Uncut,” but recently I saw their reprint of some “facts” from Thom Hartmann that had more than 60,000 shares. This particular billboard was so absurd that I felt compelled

3 comments

The U.S. Cannot Afford to be the World’s Police

Wednesday, January 21st, 2015 by posted in Economics, Foreign Policy, Regulation.

Reprinted from the Press and Journal The recent shooting at the French satirical magazine Charlie Hebdo by Islamic extremists has reignited the debate on how to handle the threat of terrorism. The renewed talk is understandable. As horror extraordinaire H.P. Lovecraft

1 comment

Vancouver Mises Meet!

Friday, January 16th, 2015 by posted in Announcements.

Mises is headed to Vancouver this weekend to attend the Vancouver Resource Investment Conference! Come join us and your fellow Austrians for an evening of stimulating discourse and spectacular views of Stanley Park, Lions Gate Bridge, Coal Harbour and the

No comments yet

Switzerland Leaves the European Monetary Union

Friday, January 16th, 2015 by posted in Banking, Economics, Politics.

Oh. You didn’t know that Switzerland was part of the European Monetary Union? You thought that the Swiss used their own currency, the Swiss franc? In a definitional sense only, you are correct. Within its monopolized currency area, the political

1 comment

A *Defender* of Piketty Damns With Faint Praise

Friday, January 16th, 2015 by posted in Economics.

I previously blogged about my new paper (with GMU’s Phil Magness) critiquing the empirical contribution of Thomas Piketty’s bestseller, Capital in the 21st Century. Our paper recently became the #1 downloaded (in the last 60 days) on the Social Science

4 comments

From the “You can’t make this stuff up” department

Wednesday, January 14th, 2015 by posted in Economics, Politics.

From today’s Open Europe news summary: Irish Finance Minister Michael Noonan said yesterday that he would not dismiss the idea of a European conference to discuss a possible debt write-down for crisis-hit Eurozone countries such as Greece, Ireland and Spain.

No comments yet

Maastricht Treaty? We don’t need no stinkin’ Maastricht Treaty!

Tuesday, January 13th, 2015 by posted in Law, Politics.

From today’s Open Europe news summary: Bank of France Governor Christian Noyer told Handelsblatt that, if the ECB were to buy government bonds, he would favour “a cap” in terms of percentage of the market which the ECB can buy. Handelsblatt Le

No comments yet

The worst that can happen to you for committing a nonviolent marijuana crime, around the World

Tuesday, January 13th, 2015 by posted in Capitalism, Civil Liberties, Education, Law, Lifestyle, War on Drugs.

Everyone knows different countries treat drugs differently. For example, if you get caught buying or selling a large amount of marijuana in Canada, you’re probably not going to get your head chopped off by the government–but in Saudi Arabia, that is the law.

1 comment

The Quick Summary of My Paper (With Magness) on Piketty

Monday, January 12th, 2015 by posted in Economics.

Phil Magness, a historian at George Mason University, and I have a new paper critiquing the empirical contribution of Thomas Piketty’s runaway bestseller, Capital in the Twenty-First Century. Because Piketty is such a hot topic right now, FoxNews and some

3 comments

Commodity Booms and Busts

Sunday, January 11th, 2015 by posted in Economics.

An article in The Globe and Mail details the woes of a Labrador mining town that has been crushed by the collapse in iron ore prices: “The Wabush mine…is shutting down along with another iron ore mine called Bloom Lake in

No comments yet

Mises Canada Continuing Education

Sunday, January 11th, 2015 by posted in Announcements.

It’s no secret that Mises Canada exists in order to educate the Canadian public about Austrian Economics.  What you may not know is that we regularly teach courses on this subject across the country. When did this start? You ask,

No comments yet