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Is It Wrong to Require Work on Black Friday?

Thursday, November 27th, 2014 by posted in Capitalism, Economics.

Supporters of workers’ rights have two tropes they constantly revisit. The first is the argument for higher wages – either an increased minimum wage or the dreaded “living” wage. The demand for higher government-enforced pay seems incapable of dying a

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Egalitarianism without Equality is Tyranny

Thursday, November 27th, 2014 by posted in Education, Philosophy.

Egalitarianism is the favorite religion of the left.The idea of equality has always been cherished, from the French revolutionary cry of egalite, liberte, fraternite, to the modern obsession with income inequality being the source of all the world’s evils. It

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Property Rights as Social Justice Part II

Wednesday, November 26th, 2014 by posted in Philosophy.

Read Part I here. Accompanying the somehow lawful state and nearly lawless state is the state of war. Such phenomena do not appear accidental. It does not seem overly difficult to recognize that, when properties are not legally protected, it

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Will someone please stop this man before he hurts himself?

Wednesday, November 26th, 2014 by posted in Banking, Capitalism, Economics.

From today’s Open Europe news summary: Juncker unveils his €315bn investment package for Europe Speaking to the European Parliament this morning, European Commission President Jean-Claude Juncker unveiled his plan for a €315bn investment fund – backed by €8bn from the

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Criminal Justice as a Domestic and Local Phenomenon

Wednesday, November 26th, 2014 by posted in Law, Philosophy.

How ought we to treat criminals? How ought justice be dispensed? These are important questions, and trying to answer them raises many difficulties, not the least of which is that no two criminals are exactly alike in deed, in motive,

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Government debates fractional-reserve banking

Wednesday, November 26th, 2014 by posted in Banking, Capitalism, Economics.

Three cheers to Steve Baker, Conservative MP from Wycombe, for raising the delicate yet important of matter of fractional-reserve banking in Britain´s House of Commons. We are in a debt crisis of historic proportions because for far too long profit-maximising

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Sons of Anarchy!

Wednesday, November 26th, 2014 by posted in Events.

If you find yourself in the Vancouver area Friday, December 12th at 7:00pm, head on down to the The Railway Club (directions below) for a night of philosophical talks on anarchy. Hosted by LibertyMingle, Sons of Anarchy will feature three

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Is Scott Sumner “the NGDP Guy”?

Tuesday, November 25th, 2014 by posted in Economics.

In a recent post at EconLog, leading Market Monetarist Scott Sumner complained that he had been pigeonholed: I was recently reading a new book on monetary policy alternatives, edited by Larry White. One thing I noticed was that when my

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The Path to the Perfect Reserve Currency

Tuesday, November 25th, 2014 by posted in Banking, Economics, Politics, Regulation.

Much has been written lately, including by me, about the coming rejection of the dollar as the primary reserve currency of the world’s most important central banks. My prediction is based upon two things: one, that the Federal Reserve is

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Time to Raise Rates?

Tuesday, November 25th, 2014 by posted in Banking, Capitalism, Economics.

Canada emerged relative unscathed from the financial crisis of 2008. Indeed, over the last six years growth has been relatively robust and to venture out in Toronto, Calgary or Vancouver right now one would think they were in the midst


Pop Art and Intellectual Property

Monday, November 24th, 2014 by posted in Intellectual Property.

One of the most iconic painters of the 20th century was Roy Lichtenstein, a New York based artist who, alongside Andy Warhol, came to fame as one of the defining voices in the American Pop Art movement. Pop Art was

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Fun at the International Conference on Prices and Markets

Saturday, November 22nd, 2014 by posted in Toronto Austrian Scholars Conference.

It was my pleasure to attend Mises Canada’s “International Conference on Prices and Markets” on November 7 and 8 in beautiful Toronto. Redmond Weissenberger and David Howden were hosts and organizers for our truly jolly group of around seventy attendees.

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There is No Right to be Forgotten

Friday, November 21st, 2014 by posted in Civil Liberties, Philosophy.

The freedom of information offered by the internet has had drastic implications for liberty. To the benefit of individuals, it reduces information asymmetries with business and increases transparency in government. It allows us to make more informed decisions, where ignorance

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Hayek, Statistics, and Trade-Cycle Theory

Friday, November 21st, 2014 by posted in Economics.

Austrian economics is often caricatured and criticized because of its approach, or deliberate lack of an approach, to mathematical models, multivariable calculus, and econometrics. Attacks are leveled against Austrians such as Mises, Rothbard, and Kirzner for their failure or refusal

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Planning begins for a euro-free Europe

Wednesday, November 19th, 2014 by posted in Economics, Trade.

From today’s Open Europe news summary: In an interview with RTL, Dutch Finance Minister Jeroen Dijsselbloem admitted that the Dutch government looked at what would happen if plans to save the euro “didn’t succeed”. His predecessor Jan Kees de Jager added separately

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The Skyscraper Curse in Alberta

Tuesday, November 18th, 2014 by posted in Economics.

The Skyscraper Index shows a correlation between the construction of large, record-setting buildings and economic busts. Of course, correlation is not causation, but it’s interesting to note how accurate this index is. Created by economist Andrew Lawrence in 1999, the

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Catcalling as Free Speech

Tuesday, November 18th, 2014 by posted in Civil Liberties.

Lately, a series of videos have been making the rounds illustrating the kind of provocative comments women have to put up with when wandering the streets of busy cities by themselves. Men with low thresholds of personal shame frequently holler

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December Toronto Mises Meet!

Tuesday, November 18th, 2014 by posted in Events.

Winter is coming to the City of Toronto, so warm up your spirits with a dose of liberty! Join the Ludwig von Mises Institute of Canada for our monthly meet up this Tuesday, December 2, at 7 pm, at the Pauper’s

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A Response: Defending Anarcho-Capitalism

Monday, November 17th, 2014 by posted in Capitalism, Economics, Philosophy, Politics.

In a 1901 letter to novelist John Galsworthy, Polish author Joseph Conrad described “skepticism” as “the tonic of minds, the tonic of life, the agent of truth – the way of art and salvation.” Men hardly write letters anymore. Post

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One-Dimensional Thinking on Drug Legalization

Monday, November 17th, 2014 by posted in Capitalism, War on Drugs.

The libertarian movement is often dismissed as consisting of a bunch of hippy stoners who just want to take drugs and do whatever they want. Of course, this is an unfair and untrue generalization that ignores the centuries of political