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The Fall of State Deposit Insurance

Friday, April 5th, 2013 by posted in Banking, Capitalism.

The world was stunned when the Cyprus government, in cahoots with European Union’s creepish financiers, decided to tax the banking deposits of its citizens directly to pay for its own bailout. Even government-worshipers in the press were shocked at this

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Auditor General Slams Carbon Offset System

Thursday, April 4th, 2013 by posted in Politics, Regulation.

Reprinted from NoFrakkingConsensus.com British Columbia (BC) is a beautiful place – as anyone who has visited Vancouver or Whistler will attest. Unfortunately, it sometimes suffers from an exaggerated view of its own importance. With a population of only 4.5 million

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Hillary’s Legacy

Thursday, April 4th, 2013 by posted in Lifestyle, Politics.

Two years before the real campaigning begins, America’s class of politicos is convinced former First Lady Hillary Clinton will take up the quest for the jackass nomination. After stints as both a U.S. Senator and Secretary of State, Clinton is

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Obama Wants You to Budget Responsibly

Wednesday, April 3rd, 2013 by posted in Capitalism, Economics.

Reprinted from IntercollegiateReview.com President Obama has declared this April to be National Financial Capability Month, 2013. America has a 16 trillion dollar national debt and 1 trillion dollar budget deficit, which works out to a $50,000 share per American citizen.

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Toronto Mises Meet: April 23rd!

Tuesday, April 2nd, 2013 by posted in Events.

The next Toronto meet is being held at Paupers Pub on April 23rd! That’s three Tuesdays from today. Come join fellow travelers on the road to liberty for a night of interesting conversations, presentations, and some very light inebriation! Same

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Montreal Metro and Littering

Tuesday, April 2nd, 2013 by posted in Environment, Regulation.

Public property causes much unneeded stress for society, not the least of which includes newspaper clippings of outraged citizens fuming over youthful vandalism. Older generations tend to see the offspring of their neighbors (never theirs personally) as disobedient to the

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Canadian Deposits As Safe As Cypriot Deposits

Tuesday, April 2nd, 2013 by posted in Banking, Capitalism.

Reprinted from The Dollar Vigilante Rest easy, Canadians, for your bank accounts are going to be made as safe as those bank accounts in Cyprus. Just take a look at the Canadian government’s budget plan for 2013, particularly pages 144

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Disam Them and Make Them Spy On Each Other

Thursday, March 28th, 2013 by posted in Law.

Reprinted from LewRockwell.com Benjamin M. Wassell of Silver Creek, New York, a wounded Iraq war veteran, is the first resident of that state to be arrested and face prosecution under its draconian new firearms law. He was arrested during an

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Misunderstanding High Wages

Wednesday, March 27th, 2013 by posted in Capitalism, Economics.

Private business unceasingly gets a bum rap in major print. No matter the rise in living standards or technological advances brought about through market forces, there will always be some wiry, neurotic journalist bemoaning over social justice and demanding that

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Neo-Con War Addiction Threatens Our Future

Tuesday, March 26th, 2013 by posted in Foreign Policy.

Reprinted from LewRockwell.com William Kristol knows what is wrong with the United States. As he wrote recently in the flagship magazine of the neo-conservatives, the Weekly Standard, the problem with the US is that we seem to have lost our

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Gray Markets Meet Social Networks

Monday, March 25th, 2013 by posted in Capitalism, Economics.

Reprinted from PeterCEarle.com I’d heard a bit here and there, but yesterday I came across an article definitively alluding to the “sharing economy”, a cutesy term for describing the marrying of what are sometimes called gray markets with the now-familiar

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Give Me a King

Monday, March 25th, 2013 by posted in Politics, Regulation, Socialism.

Leftists today find themselves in a terrible contradiction. On one hand, they hold to the rigged principle that society needs governing by a domineering state. The commoners are not to be trusted so it takes badges and guns to maintain

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How Greenpeace Defines Happiness

Sunday, March 24th, 2013 by posted in Capitalism, Environment.

Reprinted from NoFrakkingConsensus.com Yesterday was the first UN-declared international Day of Happiness. When tweeting about it Kumi Naidoo, the Executive Director of Greenpeace, couldn’t help himself. He had to cover it in green slime. “Let’s not buy anything on the

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The Misguided Crusade Against Hidden Bank Accounts

Saturday, March 23rd, 2013 by posted in Banking, Civil Liberties, Law.

 With its latest budget – sorry, “economic action plan” – Canada’s government has taken a morally ominous turn. A provision in the budget proposes to empower the Canada Revenue Agency (CRA) with the ability to reward individuals who provide information

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On the Rich

Friday, March 22nd, 2013 by posted in Capitalism.

Try as he might, JP Morgan CEO Jamie Dimon will never shake the label of being an overly privileged, money-grubbing banker elite. In business and politics, used to be heralded as a man of impeccable character. President Obama once called

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A Message to Bill Gates

Friday, March 22nd, 2013 by posted in Capitalism.

The abundance of “rich-hating” in today’s Western culture has reached disgusting levels. Wealth is no longer seen as a sign of virtue and hard work but as a symbol of exploitation. For all his problems (wishing to “run” a country

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The New Pope’s Bad Economics

Wednesday, March 20th, 2013 by posted in Economics.

As the commentary continues to pour in regarding the new Pope, Francis I, the discussion has been relatively sparse concerning his views on economics – at least about those that relate to the economics of polities and societies. When it

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Cyprus and the reality of banking: Deposit haircuts are both inevitable and the right thing to do

Wednesday, March 20th, 2013 by posted in Uncategorized.

Republished from detlevschlichter.com I, too, was shocked yesterday morning. Not so much by the news that depositors at Cypriot banks would face a haircut, or a ‘levy’ or a ‘tax’, on their deposits as a contribution to yet another Eurozone bailout

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The State and the Death Penalty

Tuesday, March 19th, 2013 by posted in Law, Politics.

The Maryland House of Delegates recently passed a measure to repeal the state’s death penalty. It’s expected Governor Martin O’Malley will sign the bill into law, making Maryland the 18th state to ban capital punishment. As a true blue liberal

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So Much for Deposit Insurance

Monday, March 18th, 2013 by posted in Uncategorized.

The Cypriot people are in an uproar and very rightly so. While the details may yet change, the government of Cyprus is proposing a tax on depositors as part of a bailout package to save the country’s banks. Deposits of

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