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Draft Day: The Power of Subjective Thinking

Sunday, April 13th, 2014 by posted in Economics.

The New York Times sent its first string reviewer to weigh in on Ivan Reitman’s new film “Draft Day.” They don’t get any better than A.O. Scott, who gets off  sentences like, “Lately, Mr. Costner hasn’t been around much, and

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The Source of Economic Progress–the Primacy of the Individual

Saturday, April 12th, 2014 by posted in Civil Liberties, Economics, Philosophy, Politics.

Members of an Austrian school of economics forum to which I belong have been discussing the source of economic progress.  It began with the usual elements of capital, technological development, and managerial expertise before getting more philosophical when a member

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Higher Taxes Don’t Make Capitalism “Work Better”

Friday, April 11th, 2014 by posted in Capitalism, Economics, History.

“Would Capitalism Work Better With Higher Taxes?” That’s the title of a new Globe and Mail editorial written by Doug Saunders. The question is innocent enough. The article treads lightly on the topic without ideological moralizing. The dilemma of how

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April Mises Meet!

Thursday, April 10th, 2014 by posted in Events.

Ah spring, when a young libertarian’s fancy turns to love (for liberty)! Join the Ludwig von Mises Institute of Canada for our monthly meet up on Tuesday April 29, at 7 pm, at the Pauper’s Pub! Enjoy food, beverage, and discussion of

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The Obligation of Leisure

Thursday, April 10th, 2014 by posted in Economics.

The French government has long been a big fan of human rights. Of course one man’s rights are another man’s obligations. A new labour agreement in France will oblige employees to ignore their work emails once their working day is

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My letter to the NY Times re: Ignoring the elephant in the room

Wednesday, April 9th, 2014 by posted in Economics, Law, Regulation.

Re: Cities Advance Their Fight Against Rising Inequality Dear Sirs: The latest assault on economic science is led by the usual suspects–politicians, labor unions, intellectuals, and not-for-profit advocacy groups–who clamor for raising Seattle’s minimum wage to fifteen dollars an hour.  The

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The Greatest Economic Myth in the World Today

Wednesday, April 9th, 2014 by posted in Economics.

From today’s Open Europe news summary: New French PM calls for greater ECB action and criticises strong euro French Prime Minister Manuel Valls yesterday won a vote of confidence in the lower house of the French parliament by 306 to

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More IMF Meddling

Wednesday, April 9th, 2014 by posted in Banking, Economics.

The International Monetary Fund is up to its mixed messages again. This time it´s a dire warning about Canada´s future. The IMF has recently softened its outlook on Canada, warning that “”downside risks to the outlook still dominate, including from

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Why Lehman is Still a Mess

Tuesday, April 8th, 2014 by posted in Banking, Capitalism, Economics.

More than five years after the collapse of Lehman Brothers, economists are still searching to understand why it failed as badly as it did. By this I don’t mean why it went bankrupt – everyone is well aware that its

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On Natural Rights, the Egoists Have Nothing

Monday, April 7th, 2014 by posted in Law, Philosophy.

The question of natural rights has bogged the thinking of philosophers for centuries. In a recent book review of Trevor Blake’s Confessions of a Failed Egoist and Other Essays, Nicholas James Pell brings up an interesting argument against the moral

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GM, Product Safety, and Death

Saturday, April 5th, 2014 by posted in Economics.

The reports that GM deliberately avoided a recall for a defective ignition switch–which led to at least 13 fatalities–because of cost considerations has led to predictable denunciations of capitalist greed. Michael Moore epitomizes this reaction: I am opposed to the

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Government Debt: Ontario vs. California

Saturday, April 5th, 2014 by posted in Economics.

Inasmuch as readers of this blog typically follow developments in both the United States and Canada, I thought it might be instructive to share the main results of a new study I co-authored for the Fraser Institute (a free-market Canadian

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No criticism of the Fed allowed

Saturday, April 5th, 2014 by posted in Banking, Capitalism, Economics, Regulation.

Re: Jeremy Stein to Resign From Fed Board to Return to Harvard Now, no one would ever call Harvard professor Jeremy Stein an Austrian school economist, so it is illuminating how even his modest questioning of Quantitative Easy is not allowed

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EU Takes Over the Internet

Saturday, April 5th, 2014 by posted in Capitalism, Economics, Politics.

Re: E.U. Lawmakers Approve Tough ‘Net Neutrality’ Rules Newspeak, the official language of George Orwell’s totalitarian nightmare regime in his novel Nineteen Eighty-Four, has come to Europe.  Billed as a law to protect the consumer from high prices and ensure more access

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How to Prevent Another Ukraine

Friday, April 4th, 2014 by posted in Capitalism, Economics, Foreign Policy, Law, Politics.

Today all nations treat the people, businesses, and natural resources within their borders as if they were owned by the state.  Some resources, such as oil and minerals, actually are owned by many national governments.  But even in the US,

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Hobby Lobby’s Dignity

Thursday, April 3rd, 2014 by posted in Capitalism, Economics, History.

Can capitalism ever be degrading? Is there something unjust about working long hours for minimal pay? Is it wrong to purchase a trinket manufactured halfway across the globe in a dingy, musty room? In a controversial piece for The American

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The Economics of the MMPR

Thursday, April 3rd, 2014 by posted in Civil Liberties, Economics, War on Drugs.

A court-ruled injunction means medical marijuana patients and growers can still operate under the old MMAR laws. Even though as of April 1st, the new MMPR laws have taken effect, meaning that medical marijuana can only be obtained through the

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Wonder and Liberty

Wednesday, April 2nd, 2014 by posted in Law, Philosophy, Politics.

Reprinted from Lions of Liberty In Terrence Malek’s 2013 film “To the Wonder,” the recluse director attempts to share his spiritual vision of “wonder” with the audience. Known for his abstract messaging and visionary cinematography, Malek’s most recent flick garnered

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Catch Shawn Ritenour on Power Trading Radio

Tuesday, April 1st, 2014 by posted in Capitalism, Economics.

Weekend Edition with Shawn Ritenour Professor of Economics at Grove City College, Shawn Ritenour, joins Merlin and John for a look at the truth behind economic data and the current macro market picture. Dr. Ritenour spent time working for the

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The New Inquisition

Monday, March 31st, 2014 by posted in Capitalism, Regulation.

There have always been things that “society” at large, meaning governmental authorities with the power to enforce their ideas, have considered more important than the individual liberty of the citizenry. If an idea is deemed sufficiently vital, it is easy

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