Blog  RSS Feed

Do We Owe the Weekend to Labor Unions?

Thursday, April 23rd, 2015 by posted in Economics.

On Twitter the following graphic caught my eye: There are two problems with this argument, one obvious and one more subtle. The obvious problem is that it commits the post hoc ergo propter hoc fallacy. Rather than spelling out what

Comments are off for this post

Critiquing a Monetary Reform for Iceland

Wednesday, April 22nd, 2015 by posted in Banking, Economics, Politics, Regulation.

The Prime Minister of Iceland recently commissioned a report by Frosti Sigurjonsson (henceforth referred to as “Mr. S”) to recommend a better money and banking system for Iceland. (I’m sorry, but isn’t Frosti a great first name for someone from

1 comment

SDAE Call for Papers

Tuesday, April 21st, 2015 by posted in Economics.

To all Austrian-minded scholars, The Society for the Development of Austrian Economics has put out a call for papers for their November meeting in New Orleans. See the link below for details. http://www.coordinationproblem.org/2015/03/call-for-papers-2015-sdae-meetings-new-orleans-november-12-23-2015.html

Comments are off for this post

When Not Getting What You Pay for is Preferred

Monday, April 20th, 2015 by posted in Foreign Policy, Regulation.

In his book Bourbon for Breakfast: Living Outside the Statist Quo, libertarian writer Jeffrey Tucker sagaciously noted that we Americans “really don’t get all the government we pay for, and thank goodness. Lord protect us on the day that we

Comments are off for this post

Noah Smith Is Frank About Macro Models

Sunday, April 19th, 2015 by posted in Economics.

Lately some of the orthodox economists have been blogging in defense of standard macro models (even though they typically failed to predict the financial crisis of 2008). What caught my eye, however, was Noah Smith’s casual discussion of the state of

24 comments

My letter to the NY Times re: Please, make me unemployed!

Friday, April 17th, 2015 by posted in Economics, Politics, Regulation.

Re: In test for unions and politicians, a nationwide protest on pay Dear Sirs: I find it incredible that anyone, especially the vaunted New York Times, would treat with respect the fallacious concept that pay can be set arbitrarily–and enforced

Comments are off for this post

Final Application Deadline for Rothbard U and Non-Student Registration News

Monday, April 13th, 2015 by posted in Announcements, Events.

July 15-18, 2015 Causal-Realist Economics, for the Real World. Toronto, ON “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it

1 comment

Don’t Forget the Reasons People Don’t Believe in Your Social Cause

Monday, April 13th, 2015 by posted in Epistemology, History, Politics.

When it comes to Austrian economist and political thinker Friedrich Hayek, conservatives and libertarians are at odds. While conservatives like Hayek’s opposition to big government, they may disagree with his views on social progress. In the same vein, libertarians agree

Comments are off for this post

Will the New Banking Proposals in Iceland Save it from Economic Instability?

Monday, April 13th, 2015 by posted in Banking, Capitalism, Economics, Politics.

A recent proposal out of Iceland has been making the waves around economics blogosphere. In it, Frosti Sigurjonsson critiques the current fractional-reserve banking system and proposes instead a system he calls “Sovereign Money”. But what is “sovereign money”, how is

13 comments

CA Drought Fault of Capitalism, If We Ignore Economics and Math

Tuesday, April 7th, 2015 by posted in Economics, Environment.

Once again, the popularity of the Facebook page “US Uncut” should make everybody consider moving to Canada. Regarding Governor Jerry Brown’s mandatory water restrictions in the state of California, the US Uncut page posted the following graphic (and accompanying text)

3 comments

Tuesday April 28: April Mises Meet in Toronto!

Tuesday, April 7th, 2015 by posted in Events.

Even though it’s April, it’s still cold and snowy out. Come warm up with the Mises Institute of Canada at our monthly Mises Meet, on Tuesday April 28 at 7 pm! This month we have another presentation by our old dear friend

Comments are off for this post

My recent interview on Power Trading Radio

Friday, April 3rd, 2015 by posted in Banking, Capitalism, Economics, Politics, Regulation, Socialism.

  Banking Expert: Germany Should Leave the European Union April 3rd, 2015 Patrick Barron is a consultant to the banking industry. He teaches Austrian school economics at the University of Iowa and Bank Managemant Simulation for the Graduate School of

Comments are off for this post

What’s so great about the new Asian Infrastructure Investment Bank?

Thursday, April 2nd, 2015 by posted in Banking, Capitalism, Economics.

Recently a friend sent me the updated Wikipedia link about the newly formed Asian Infrastructure Investment Bank that has been in the news so much, mostly gathering glowing endorsements that this is a great undertaking.   http://en.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank Asian Infrastructure Investment

Comments are off for this post

Earth Hour: A Dissent

Monday, March 30th, 2015 by posted in Banking, Environment.

In 2009 I was asked by a journalist for my thoughts on the importance of Earth Hour. Here is my response. I abhor Earth Hour. Abundant, cheap electricity has been the greatest source of human liberation in the 20th century.

3 comments

How money creation threatens hyperinflation

Sunday, March 29th, 2015 by posted in Economics.

In order to understand the relationship between money creation and the price level, we first need to get some definitions straight. To Austrians the terms inflation and deflation refer to money and not prices. There is no doubt that money

Comments are off for this post

My letter to the NY Times re: New Pay Day Loan regs will hurt the working poor

Sunday, March 29th, 2015 by posted in Economics, Regulation.

Re: Agency wants to rein in payday loans Dear Sirs: Often payday lenders are the last tool of the working poor to forestall having utilities cut off, having a car repossessed (which can lead to losing one’s job), or even

Comments are off for this post

The Motte and Bailey Doctrine in Mainstream Economics

Friday, March 27th, 2015 by posted in Economics, Epistemology, Uncategorized.

A “motte and bailey doctrine” is a style of argument (and informal fallacy) that’s based on a motte-and-bailey castle. The bailey is a big courtyard and where people live and work and generally want to be. The motte is a mound

2 comments

My letter to the NY Times re: Setting the record straight on changes to the price level

Thursday, March 26th, 2015 by posted in Economics.

Re: Eurozone Business Growth Nears 4-year High, by David Jolly Dear Sirs: Once again one of your reporters repeats the mantra that there is a “…problem of declining consumer prices…in the eurozone…”. Problem for whom? Changes in the price level

Comments are off for this post

How the Education System Destroys Social Networks

Wednesday, March 25th, 2015 by posted in Capitalism, Education.

Reprinted from the Freeman I was at a restaurant for lunch and had time to visit with the waitress, who turns out to be a college graduate from a good institution. She has a degree in European languages. Here she

Comments are off for this post

A Waste of Time

Tuesday, March 24th, 2015 by posted in Economics, Politics, Socialism.

From today’s Open Europe news summary: Bundesbank proposes new European fiscal authority to replace European Commission Germany’s Bundesbank proposed in its monthly report yesterday to create “a new European fiscal authority which, in the style of independent national fiscal councils,

Comments are off for this post