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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


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


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


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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Is There Such a Thing as a Shameful Job?

Sunday, March 30th, 2014 by posted in Economics.

For individuals living in poverty, the government guarantees a minimum standard of living through the provision of social assistance. Poverty reduction may be a strong argument in fav Larissa Flister is an economist and graduate student at the University of Regina,


Exceptionalism as a Foreign Policy Justification

Sunday, March 30th, 2014 by posted in Foreign Policy.

American exceptionalism is a common theme in any policy debate surrounding the United States. We have to protect American manufacturing, protectionists ignorant of economics argue, because America is exceptional. We have to pass expansive welfare programs to care for the

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A Lifeboat for Jerome Murdough

Saturday, March 29th, 2014 by posted in Capitalism, Politics, Regulation.

In his Ethics of Liberty, libertarian theorist Murray Rothbard makes short work of popularly employed “lifeboat situations.” Devising untenable situations to trip up ideologues is a common tactic of debaters (admittedly, I am prone to the same behavior from time

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Privatize Outer Space!

Friday, March 28th, 2014 by posted in Economics.

“The Planetary Society” is trying to whip up public action in the United States to pressure the federal government to restore spending programs for NASA. The website tells the reader, “For decades, Jupiter’s moon Europa has cried out for exploration.

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How the Food Police Undermine Human Intentionality

Friday, March 28th, 2014 by posted in Philosophy, Regulation.

One of the key things that separates humans from animals is the ability to make plans and then act on those plans. That humans have intentions is the basis of all morality, economics, and law. As such, it is important

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The wages of public control of the economy

Friday, March 28th, 2014 by posted in Capitalism, Economics, Environment, Foreign Policy, Politics.

From today’s Open Europe news summary: German Energy Minister warns that there is “no reasonable alternative” to Russian gas German Minister for Economic Affairs and Energy, Sigmar Gabriel, yesterday warned that there is “no reasonable alternative” to Russian gas imports,

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The New Deal for the Youth?

Thursday, March 27th, 2014 by posted in Capitalism, Economics, Regulation.

“It’s time for Canada to offer a new deal to its young people.” That’s how the uber-liberal state worshippers at the Broadbent Institute introduced a new plan to fix the Great North’s ailing economy and boost the job prospects of

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What can we expect from new Fed Chairman Janet Yellen?

Thursday, March 27th, 2014 by posted in Banking, Economics, Politics.

No change. Oh, you want more?  Well, OK, I suppose I can give more of an explanation than that.  Groucho Marx used to tell a joke on himself that “I wouldn’t want to belong to any club that would admit

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