Blog  RSS Feed

The Dow’s All-Time High

Friday, July 4th, 2014 by posted in Economics.

The Dow Jones Industrials just closed above 17,000 for the first time ever. While they are celebrating the 4th of July, Americans can rejoice in the good fortune the stock market is giving them. But wait, what’s actually driving the

1 comment

Krugman’s Bogus Belgium Boosting

Thursday, July 3rd, 2014 by posted in Economics.

Using the World Cup news hook, Paul Krugman recently compared the economic performance of Belgium with France and the Netherlands. In a post titled, “The Secret of Belgium’s Success,” Krugman first showed that Belgium had weathered the financial crisis better

2 comments

I’ll punish you by starving my own people!

Thursday, July 3rd, 2014 by posted in Economics, Politics.

From today’s Open Europe news summary: EUobserver reports that Russia has retaliated against the signing of a new trade treaty between Moldova and the EU, by banning the imports of processed beef, horse meat, lamb and pork from Moldova. EUobserver Who

1 comment

Asset Bubbles Aren’t Yellen’s Problem

Thursday, July 3rd, 2014 by posted in Banking, Economics.

Speaking at an IMF sponsored event, Fed Chairwoman Janet Yellen warned of growing risk factors in several asset classes. Unfortunately, she doesn’t see the most aggressive monetary policy in American history as the cause. Analysts said Yellen was pushing back

No comments yet

All Brazilians Love Soccer. What’s Wrong With Me?

Wednesday, July 2nd, 2014 by posted in Economics, Politics.

One of the first questions I am asked upon meeting someone new is: “You’re Brazilian! You must be so thrilled to be hosting the world cup, eh? Are you a big soccer fan?” Of course I am! Just as all

No comments yet

Helping with the difficult transition to private life

Tuesday, July 1st, 2014 by posted in Politics.

From today’s Open Europe news summary: The Irish Independent reports that outgoing European Commissioner, Maire Geoghegan-Quinn, is entitled to a total €432,000 EU pay-off over the next three years to help her adjust to life after Brussels. Irish Independent According to Wikipedia, this lady

No comments yet

Deposit Insurance is a Gamble

Tuesday, July 1st, 2014 by posted in Banking, Economics.

In a letter to the Economist on May 3rd, Mark Neale, Chief Executive of the UK’s Financial Services Compensation Scheme (the country’s deposit insurance provider), chastised the magazine for its view of deposit insurance as a “corrosive trend” in the

2 comments

A Plutocrat for Poverty

Monday, June 30th, 2014 by posted in Capitalism, Economics.

In America, and to a certain extent in Canada, rich businessmen are seen as savvy at their craft. After building an empire of wealth, it’s hard to challenge a successful person’s view of market economies. Business owners have to make

3 comments

Bank of England Governor will hold back the tides

Monday, June 30th, 2014 by posted in Economics.

Re: The new normal is 2.5%, not 5% benchmark interest rate   Mark Carney, Governor of the Bank of England: “Why is that the case? Things have changed. Households have a lot of debt. The Government is consolidating its financial position.

No comments yet

Fuzzy Justice: How a Lack of Clarity Undermines the Prison System

Monday, June 30th, 2014 by posted in Law, Philosophy.

A lot of the modern justice system is taken for granted. Built on centuries of common law, we no longer question the fundamental assumptions of crime and punishment. At least, most of us don’t. In light of a large number

1 comment

Bubbles Worry Central Bankers

Monday, June 30th, 2014 by posted in Banking, Economics.

After years of QE and other loose monetary policies, central banks are starting to get jitters about the effects of their policies. An organization representing the world’s main central banks warned Sunday that dangerous new asset bubbles were forming even

No comments yet

How to Make Government Cost More

Sunday, June 29th, 2014 by posted in Economics.

Think the government is expensive? It’s about to cost a little more. The Grow America Act, introduced earlier this month in the U.S. House of Representatives, contains “Buy American” language that would raise U.S. content to 100 per cent by

4 comments

European “Champion” or European “Crony Capitalist”?

Friday, June 27th, 2014 by posted in Capitalism, Politics.

From today’s Open Europe news summary: Following the failed merger of Siemens and Alstom, which eventually joined with General Electric, France is reportedly pushing for an easing of the EU’s antitrust rules to allow the creation of European “champions”.  WSJ

No comments yet

Anarchist Oilfield

Friday, June 27th, 2014 by posted in Capitalism, Law.

Editor note: for a real-life example of private law/anarchism in action, please see the email provided below by Dr. Walter Block! As I imagine you know, I have written a book on privatizing roads:Block, Walter E. 2009. The Privatization of

1 comment

Mises Canada at FreedomFest

Thursday, June 26th, 2014 by posted in Events.

Mises Canada will be at the 2014 FreedomFest! What is FreedomFest? See the description from the website below: FreedomFest is an annual festival where free minds meet to celebrate “great books, great ideas, and great thinkers” in an open-minded society.

No comments yet

Private Health Care is Inevitable in Canada

Thursday, June 26th, 2014 by posted in Capitalism, Economics, Health Care.

Private health care is inevitable in Canada. Does that sound crazy? Decades ago, socialized medicine became an iconic institution in the country. It wasn’t just the establishment of “free” healthcare for all, but an existential “right” created by a loving

4 comments

My letter to the Financial Times, London re: Here…take all the cocaine you want

Thursday, June 26th, 2014 by posted in Economics.

Dear Sirs: The Fed’s warning to banks that tougher stress tests are coming, so they should be making extraordinary preparations, is tantamount to passing out cocaine while warning that tough new drug tests will follow.  What does the Fed believe

No comments yet

Replace Striking Teachers with Babysitters

Thursday, June 26th, 2014 by posted in Economics.

With British Columbia’s 41,000 unionized public school teachers still on strike, parents are scrambling for solutions. What is one of the more popular ones right now? Teenage babysitters. It’s more than a little ironic that the province’s teachers strike has

4 comments

It’s Official – German Gold is Staying in New York at The Federal Reserve

Wednesday, June 25th, 2014 by posted in Uncategorized.

Republished from Liberty Blitzkrieg Michael Krieger | Posted Monday Jun 23, 2014 at 10:58 am *Update: A couple of people have made a stink about this post claiming that it is misleading because the prior agreed upon repatriation schedule has not actually changed. That said, anyone

No comments yet

This Boom is a Problem

Wednesday, June 25th, 2014 by posted in Economics.

Writing for the Globe and Mail, Tom Bradley is worried about the markets: It feels like investors have become complacent about – well – everything. The strongest consensus I’ve seen in recent years relates to low interest rates. The rationale

No comments yet