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“Malinvestment” in the google books “Ngram Viewer”

Monday, November 10th, 2014 by posted in Uncategorized.

An interesting result from the google Ngram viewer – the use of the term “malinvestment” over the last 100 years. https://books.google.com/ngrams Redmond is the director of the Ludwig von Mises Institute of Canada.

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Economics is a Philosophy of Tolerance

Monday, November 10th, 2014 by posted in Economics.

The world is full of snobs. There are music snobs who complain that most people prefer Lady Gaga to Stravinsky, film snobs who complain that most people prefer action movies to art films, and food snobs who complain that most

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The EU’s anti-competitive tax policy

Monday, November 10th, 2014 by posted in Capitalism, Economics, Law, Politics, Regulation.

From today’s Open Europe new summary: Following the release of thousands of secret documents detailing how Luxembourg helped companies avoid paying taxes, an FT leader argues, “For the sake of his own credibility – and that of the commission – [Jean-Claude Juncker]

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Carbon Tax “Win-Win” Too Good To Be True

Saturday, November 8th, 2014 by posted in Uncategorized.

In a new paper for the Ottawa-based Macdonald-Laurier Institute (MLI), I take on the claim that a carbon tax could produce a “win-win” outcome of reduced climate change damage coupled with stronger conventional economic growth. In both the United States

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The Vacuity of Scott Sumner’s Approach to Monetary Policy

Thursday, November 6th, 2014 by posted in Economics.

Long-time readers of this blog know that I have been very critical of “market monetarism,” especially in the hands of Scott Sumner–undoubtedly the school’s leading economist-blogger. In the present post, I don’t want to talk about the effects of his

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In Defense of Peter Schiff

Thursday, November 6th, 2014 by posted in Banking, Capitalism, Economics.

The financial television channel CNBC has hit hard times. Nielsen ratings show the network’s viewership is at a 21 year low. This is a far cry from two decades ago. The dot-com bubble of the late 90s and early aughts

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ICPM Opening Reception, This Friday!

Thursday, November 6th, 2014 by posted in Announcements.

Join us for our opening reception of the International Conference of Prices and Markets 2014 at Paupers Pub located at 539 Bloor Street W, Toronto ON this Friday, November 7th, at 6PM! Hosted by the Ludwig von Mises Institute of

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An Alternative to the Minimum Wage

Wednesday, November 5th, 2014 by posted in Capitalism, Economics.

Canada’s top central banker, Stephen Poloz, has sparked some controversy by suggesting that unemployed youths should offer to work for free (gasp!). When I bump into youths, they ask me, you know, ‘What am I supposed to do in a

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Milking the Dairy Industry

Monday, November 3rd, 2014 by posted in Economics.

A recent CBC report exposes that Newfoundlanders and Labradorians often pay at least twice as much for dairy than Ontarians. Indeed, milk consumers in Windsor can often expect to pay around 91 cents per litre, while it’s been reported in

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An Open Letter to Janet Yellen Pt. II

Monday, November 3rd, 2014 by posted in Economics.

(Read part I here.) Money printing does generate tremendous income for Wall Street “fat cats”. Such income, however, is more than off-set by the loss of working people. Money printing is thus the most vicious redistribution of wealth. It has

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An Open Letter to Janet Yellen Pt.I

Monday, November 3rd, 2014 by posted in Economics.

Dear Chairwoman Yellen, This is an open letter urging you to stop money printing immediately. It has created worse economic inequality and tremendously hindered the economic recovery from the longest recession in history. You have said that you are extremely

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Real-estate Out of Reach of the Super Wealthy

Saturday, November 1st, 2014 by posted in Banking, Economics.

The housing boom is searching for ways to keep going. Prices for many high-end pieces of real estate are now out of reach for even the 1% of the super-wealthy. During the last housing boom, terms were reset for the

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My interview on Mises.org re: The End of the US Dollar Imperium, Part 2

Friday, October 31st, 2014 by posted in Capitalism, Economics, History, Politics.

Patrick Barron: The End of the US Dollar Imperium, Part 2 Jeff Deist and Patrick Barron continue their discussion on monetary imperialism. They delve deeper into US dollar supremacy, and how it might end with a whimper instead of a

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My latest interview on Power Trading Radio re: European developments that may prove positive in the long run

Friday, October 31st, 2014 by posted in Banking, Economics, Politics.

Click below to hear my latest interview on Power Trading Radio. I discuss in more detail the various movements in Europe that I view as economically positive in the long run. The interview last approximately one half hour with two

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The Dangers of Settled Science

Friday, October 31st, 2014 by posted in Philosophy, Politics.

Evolution is one of the most cherished doctrines of the worshippers of science. Whenever we hear the angry shouts of settled science, it is either in reference to climate change or evolution. Anyone who dares question these theories is treated

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The Housing Boom Returns

Friday, October 31st, 2014 by posted in Capitalism, Economics.

For the last decade (or more), Canadians have been ebullient about their home-grown housing boom. Home prices in Toronto have grown by leaps and bounds over the past decade. New homeowners have rushed in to take advantage of what seems

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The Deflation Boogeyman

Thursday, October 30th, 2014 by posted in Banking, Capitalism, Economics.

Here we go again.  A plunge in oil prices has spurred a bevy of articles from the bought-and-paid-for media, as well as quasi-governmental agencies, alerting us of pending disaster if deflation were allowed to make an entrance, however briefly. Never

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QE’s Seeds are Already Sown

Thursday, October 30th, 2014 by posted in Banking, Capitalism, Economics.

The Federal Reserve has finally ended its quantitative easing programs. Since the financial crisis of 2008, the Fed has pursued what seemed like an endless policy of asset purchases. As recently as September 2008 the monetary base in the US

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Dudley the Dud

Wednesday, October 29th, 2014 by posted in Banking, Capitalism, Economics.

Six years after the financial crisis rocked the world economy, it’s a safe bet to say the Federal Reserve will never take responsibility for the debacle. And why should it? To both mainstream pundits and academics, the Fed saved the

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Regulate through taxation

Wednesday, October 29th, 2014 by posted in Capitalism, Civil Liberties, Economics.

One lesson from the United States’ Obamacare debacle has been that if Congress can’t get its way through regulation, it can always resort to taxes. At least that’s the Supreme Court’s view, after it declared the Affordable Care Act constitutional

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