Blog  RSS Feed

Stealth Inflation

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

Central bankers have managed to obscure the effects of money printing. But market efficiency gains can’t hide the problems forever.    Six years into recovery and the economy worldwide is punk, despite central bankers’ belief they can inject just the

1 comment

Creating Unemployment and Poverty

Tuesday, March 25th, 2014 by posted in Capitalism, Economics, Politics, Regulation.

From today’s Open Europe news summary: In an interview with Die Welt, Jean-Claude Juncker, the EPP’s candidate for European Commission President, argues, “As Europeans we have been active in many areas except for social policy where we have taken a

No comments yet

Anthropomorphizing the Banking System

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

Re: European Officials Reach Deal on Failed-Bank System The European Union’s attempt to create one bank regulator with the power to shut down and bailout problem banks will fail, because it does not address the cause of generalized bank failures. 

No comments yet

The Unemployment Mirage

Tuesday, March 25th, 2014 by posted in Capitalism, Economics.

The rate of unemployment is one of the key metrics by which we tend to judge the health of an economy. If unemployment is low, we tend to say that the economy is strong. If unemployment is high, we conclude

No comments yet

Intellectual Property and Comparative Advantage

Monday, March 24th, 2014 by posted in Capitalism, Economics, Intellectual Property.

People like Intellectual Property laws because they do not grasp how we, ourselves, are beneficiaries of other people’s productivity. We have a tendency to sue and chase after people who “stole ideas”. We praise “originality” and demonize copying, because we

No comments yet

Don’t Believe In Free-Market Medicine? Have You Ever Seen the Inside of a Venezuelan Supermarket?

Sunday, March 23rd, 2014 by posted in Capitalism, Economics.

Reprinted from RayHarvey.org It was in early autumn of 1989 that the drunkard Boris Yeltsin, soon-to-be president of the Soviet Union, visited, for the first time in his life, a supermarket in Houston, Texas. Not long afterward, in his autobiography Against

1 comment

The LEGO Movie Is AWESOME

Saturday, March 22nd, 2014 by posted in Economics, Education, Politics.

I held off on writing this review to avoid giving (mild) spoilers to the parents who were taking their kids anyway. But now that the initial rush is over, I want to tell fans of liberty that the box office

3 comments

Mises Canada on Power Trading Radio

Saturday, March 22nd, 2014 by posted in Capitalism, Economics.

Redmond Weissenberger, Director of Ludwig von Mises Institute of Canada, joins John O’Donnell and Merlin Rothfeld for a look at a wide variety of topics including the Fed, , Socialism, Health care, housing markets, trading partners, and how Austrian Economics

No comments yet

Hazlitt’s Timeless Wisdom

Friday, March 21st, 2014 by posted in Banking, Capitalism, Economics, History.

CNBC’s Rick Santelli used his “Santelli Exchange” segment on March 14th to highlight the wisdom of Hazlitt’s Economics in One Lesson written in 1946. The financial network’s tea party rabble rouser and sparring partner to economist Steve Liesman said, Warren

1 comment

Is China Going to Back Its Currency With Gold?

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

For years, hard-money enthusiasts (and critics of the Fed) have been wondering why a major world power doesn’t back its own currency with gold (or a broader collection of commodities), in order to unseat the US dollar as the world

5 comments

The Meaning of Social Constructs

Friday, March 21st, 2014 by posted in Philosophy, Politics, Regulation.

Imagine trying to debate the differences between cats and dogs with someone. But throw in one caveat: neither you nor your fellow debater know what a cat or dog is. Any kind of discussion on the playfulness of canines versus

No comments yet

A Faux Fix for Traffic Congestion in Toronto

Thursday, March 20th, 2014 by posted in Capitalism, Economics, Environment, Politics, Regulation.

Re: Proposal to ban cars every other day in Toronto Traffic congestion in certain cities is being met in the traditional ineffective, statist way; i.e., don’t fix it; just make it illegal by prohibiting cars to enter the city every

No comments yet

Fraud or Freedom?

Thursday, March 20th, 2014 by posted in Civil Liberties, Law.

Most libertarians recognize fraud as a form of theft, and therefore a form of coercion that violates the non-aggression principle and should be subject to legal reprisal. In general, I agree. But what constitutes fraud? The case of Kevin Trudeau

No comments yet

Politicians Prevent Cooperative, International Exchange

Thursday, March 20th, 2014 by posted in Uncategorized.

From today’s Open Europe news summary: Speaking in the Bundestag this morning, Chancellor Angela Merkel warned that due to the complexity of the negotiations over the EU-US free trade agreement, the risk of failure had to be taken seriously, although

No comments yet

Episode 57: Detlev Schlichter – Paper Money Collapse

Wednesday, March 19th, 2014 by posted in Economics, History.

Catch one of the latest episodes of Better Red Than Dead, starring Mises Canada Executive Director Redmond Weissenberger and economist Detlev Schlitcher. Detlev S. Schlichter is an Austrian School economist and author. His book Paper Money Collapse – The Folly of Elastic

No comments yet

Mises on Al Jazeera on the Basic Income

Wednesday, March 19th, 2014 by posted in Announcements, Economics.

I’m going to be Al Jazeera English Thursday, March 20th at 3:30 pm EST to discuss the merits of the basic income–live!   Tune in, or find the livestream here: http://www.aljazeera.com/watch_now/   Ash Navabi is a student at Ryerson University.

No comments yet

A Typical Day in Europe: getting a handout or desiring autonomy

Wednesday, March 19th, 2014 by posted in Civil Liberties, Economics, Politics.

(My comments in italics below the news reports) From today’s Open Europe news summary: The Greek government reached a deal with the EU/IMF/ECB Troika yesterday, paving the way for the next disbursement of €10bn in bailout funds, which Greece hopes

No comments yet

The Continuing Importance of Capital Theory

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

There are many ways in which the Austrian School is distinct from not just the Keynesian approach but also the Chicago School. One of the most important–especially in our times–is that the Austrians have a much richer theory of the

1 comment

Some Thoughts on the Latest Medical Marijuana Mayhem

Tuesday, March 18th, 2014 by posted in Civil Liberties, War on Drugs.

We can all sleep safe and sound tonight knowing that Health Canada and the RCMP are working to ensure “public safety.” In two weeks, 37,000 licensed marijuana growers will effectively become criminals when the new medical marijuana law takes effect.

1 comment

Why Conservatism Shouldn’t Be Ditched

Tuesday, March 18th, 2014 by posted in Philosophy, Politics.

Conservatism is a dirty word. People often misuse it, whether speaking of themselves or others. It rarely means what it describes. Ask any man off the street what a conservative is, and they’ll likely tell you he is a bigoted

3 comments