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More illegality by the European Central Bank

Wednesday, April 23rd, 2014 by posted in Banking, Economics, Law.

From today’s Open Europe news summary: Welt: ECB “trick” to help Portugal return to the markets Die Welt reports that the ECB will use a “trick” to help Portugal to return to the markets, by once again adjusting its collateral

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Piketty’s Gold?

Wednesday, April 23rd, 2014 by posted in Economics.

Reprinted from the New York Sun With all that has been written in respect to Thomas Piketty’s new book, “Capital,” you would think that someone — Paul Krugman, say, or Jonathan Chait or David Brooks or Hendrik Hertzberg; we’re not

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The Food Police Turn to the Bottle

Tuesday, April 22nd, 2014 by posted in Capitalism, Regulation.

Continuing my “meddling bureaucrats trying to tell us what to eat” series, I recently discovered that the FDA is planning to start requiring nutrition labels on alcoholic beverages. Apparently they are worried that sorority girls pounding cosmos might be getting

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Just Let the Market Work

Monday, April 21st, 2014 by posted in Capitalism, Economics, War on Drugs.

Nearing the end of World War II, Keynesian-minded economists freaked out. The wage and price controls put in place to bolster the war effort were soon coming to an end. Paul Samuelson, the economist who unleashed the crazed thinking of

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What the Education Debate Misses

Monday, April 21st, 2014 by posted in Education.

There is a constant, neverending debate about what should be done with education policy. Should we use technology in the classroom? Should we have stricter national standards? Should teachers be paid more? Should they be paid less? Should children go

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Whatever Happened With TARP?

Monday, April 21st, 2014 by posted in Banking, Economics.

Bryan Caplan recently brought up the financial impact of the Troubled Asset Relief Program (TARP), now that the dust has (largely) settled. As the nearby chart illustrates, overall the TARP contributed to the U.S. federal budget deficit–meaning it will cost

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Quick Update On The Conscience of Paul Krugman

Saturday, April 19th, 2014 by posted in Economics, Health Care.

It certainly generated amusement among critics of Paul Krugman when Gawker reported that he was being paid $25,000/month to do very little work on behalf of the City University of New York’s new program on income inequality. I truly wasn’t going

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The Right of the Victim

Saturday, April 19th, 2014 by posted in Law, Philosophy, Socialism.

As part of its “law-and-order” agenda, the Harper Administration recently introduced a “Victims Bill of Rights.” According to CBC News, the proposed reform would alter portions of the Canada Evidence Act so that spouses could decline testifying in certain cases.

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Private Property the Only Real Solution on Immigration

Thursday, April 17th, 2014 by posted in Civil Liberties.

In the United States, people from “the left” and “the right” fight over battles that have no chance of resolution, so long as issues are left to the State. For example, should “public” schools be able to teach religion? This

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A typical EU solution

Thursday, April 17th, 2014 by posted in Capitalism, Economics.

From today’s Open Europe news summary: Meanwhile, French Prime Minister Manuel Valls yesterday unveiled his plan to cut public deficit by €50bn between 2015 and 2017. The new leader of the party, Jean-Christophe Cambadélis, said this morning, “We need to

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The Most Convincing Argument for Natural Rights

Thursday, April 17th, 2014 by posted in Law, Philosophy, Politics.

James E. Miller has sparked a debate on this blog about the biggest question in moral philosophy: is there a natural foundation for justice or are notions of right and wrong the product of human contrivance? That is a question

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Scary: Krugman’s Idea of ObamaCare Success Story

Wednesday, April 16th, 2014 by posted in Economics, Health Care.

Paul Krugman has made another installment in his campaign to promote the wonders of ObamaCare. In this post, Krugman laments that New Yorkers of all people don’t recognize how great the new health insurance regime is working  out. He tells

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Putin’s Strong Hand

Wednesday, April 16th, 2014 by posted in Uncategorized.

The TV talking heads in the U.S. don’t believe Putin is much of a threat because the Russian economy is so poor. I’m not sure what they are comparing it to. As far as government finances go, as I point

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Short Memories and Money Creation

Wednesday, April 16th, 2014 by posted in Banking, Economics.

Bankers have never been accused of having long memories, but the crash beginning in ‘08 took out nearly 500 banks. Most were victims of plunging real estate values that savaged real estate loan portfolios.  You’d think it would be a

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A Rebuttal on Natural Rights and Law

Tuesday, April 15th, 2014 by posted in Law, Philosophy.

Indeed, when Gentiles, who do not have the law, do by nature things required by the law, they are a law for themselves, even though they do not have the law. They show that the requirements of the law are

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Building Codes and the Centralization of Risk

Tuesday, April 15th, 2014 by posted in Capitalism, Economics.

The earthquake that recently rocked Chile and the relatively small amount of damage, both human and structural, that resulted has led some to question whether building codes closer to home are too lax. If we just took a little more

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DS joins Mises Canada

Tuesday, April 15th, 2014 by posted in Uncategorized.

Interest in the Austrian School of Economics and the work of Ludwig von Mises has been on the rise for some time, and happily, this trend seems to be continuing, as can be seen, among other things, from the spread

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Skate Safe & Avoid the Cops!

Tuesday, April 15th, 2014 by posted in Civil Liberties, Law.

The recent video of a cop stopping longboarders with his SUV is going vial. And for good reason. The West Vancouver police officer is acting carelessly, using his SUV to cause the longboarders (who can easily get up to 50km

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Firefox Firing: Bullying or Well-Functioning Markets?

Monday, April 14th, 2014 by posted in Capitalism.

There seems to be some confusion over the issue of “freedom of speech.” Following the termination of Mozilla CEO Brendan Eich due to a donation to an anti-gay marriage campaign, commentators (mainly American Republicans) are howling with cried of indignation

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More Intimations by the European Central Bank of Currency Confiscation

Monday, April 14th, 2014 by posted in Banking, Capitalism, Civil Liberties, Economics.

From today’s Open Europe news summary: Draghi suggests that the ECB could ease policy further to tackle strong euro Speaking at the spring meetings of the IMF and World Bank over the weekend, ECB President Mario Draghi said that the

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