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Elizabeth Stoker Bruenig Fails to Take Down Libertarianism over Children’s Rights

Monday, February 16th, 2015 by posted in Law, Philosophy.

If you ever want to disrupt a room of libertarians, you should bring up the topic of children’s rights. Similar to intellectual property and private law enforcement, the rights of the smallest, most defenseless among us is contentious. It’s so

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My letter to the Philadelphia Inquirer re: Will a new bomber bring prosperity?

Sunday, February 15th, 2015 by posted in Economics.

Re: Will a new bomber bring boom times? on Page A8 of Sunday February 15, 2015 issue of Philadelphia Inquirer – Philly Edition Dear Sirs: Ignore for the moment whether or not the US actually needs a new stealth bomber, which is

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Limited Government Is Not Possible in the Interventionist State

Friday, February 13th, 2015 by posted in Uncategorized.

Would we have political liberty we must first have economic freedom, for the form of government is determined by the form of economic organization. At first blush the opposite would seem to be self-evident; i.e., that our form of government

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Pundits: Only a Crazy Person Would Doubt the Fed!

Friday, February 13th, 2015 by posted in Capitalism, Economics.

Senator Rand Paul’s recent speeches against the Fed have elicited scorn from the financial and economic blogosphere. Our technocratic wonks assure us that central banks are quite trustworthy, and only a crank or charlatan would want more accountability for the

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Perhaps Krugman’s Grandson Will Understand Government Debt

Thursday, February 12th, 2015 by posted in Economics.

Oh boy here we go again… In two recent posts, Paul Krugman has once again hoisted up a fallacy in his attempt to educate the masses on the proper way to analyze government debt. This is particularly frustrating since a

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My letter to the NY Times re: How much more government “help” can the poor withstand?

Wednesday, February 11th, 2015 by posted in Economics, Politics.

Re: Consumer Protection Agency Seeks Limit on Payday Lenders Dear Sirs: Although one loses count very quickly, government’s attacks upon the poor seem to come in three’s. First government fights the dreaded specter of deflation, meaning lower prices, by its

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John Bugas: G-Man, Ford Executive, Misesian?

Wednesday, February 11th, 2015 by posted in Capitalism, Economics.

John Bugas and Consumer Sovereignty The economist Ludwig von Mises made the notion of “consumer sovereignty” a key plank in his economic analysis and defense of the market economy. John Bugas, a colorful character who rounded up “public enemies” for

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On The Fallacy of “We Make Too Much”

Tuesday, February 10th, 2015 by posted in Capitalism, Economics.

Murray Rothbard had a saying about economics: “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to

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Wrong policies for Greece

Monday, February 9th, 2015 by posted in Economics, Politics.

From today’s Open Europe news summary: Greek PM refuses to change course ahead of crucial week of meetings with Eurozone partners “…Greek Prime Minister Alexis Tsipras…reiterated his plan to increase the minimum wage, halt privatisations, reopen closed public broadcaster ERT

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The real interpretation of high German exports

Monday, February 9th, 2015 by posted in Economics.

From today’s Open Europe news summary: German exports hit record high in 2014 German exports hit a record-high of €1.13 trillion in 2014, a 3.7% increase from 2013, the Federal Statistics Office announced on Monday. German imports increased by 2%

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Private Property the Only Solution to Vaccine Controversy

Sunday, February 8th, 2015 by posted in Civil Liberties, Economics.

A measles outbreak in the U.S. has prompted a national debate over vaccinations, a debate that quickly turned ugly because both sides think they are protecting their children from harm. Some parents say that they should have the right to

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Getting Serious About Keeping Children Safe

Friday, February 6th, 2015 by posted in Civil Liberties.

The following is a work of satire. A recent outbreak of measles has concerned citizens questioning how we can protect the lives of innocent children from neglectful, or even downright abusive, parents. Some have argued that vaccination should be mandatory,

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February Mises Meet with Pierre Desrochers!

Wednesday, February 4th, 2015 by posted in Events.

Love is in the air… and so is the smell of Liberty! Join the Ludwig von Mises Institute of Canada and special guest Professor Pierre Desrochers for our monthly meet up this Tuesday, February 17, at 7 pm, at the

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Reconciling Marginal Productivity Theory With Zero Profits in Equilibrium

Wednesday, February 4th, 2015 by posted in Economics.

This post will be an exercise in microeconomics which I hope interests and enlightens. A reader thought he had found a contradiction in Rothbard’s treatise, Man, Economy, and State, regarding how workers are paid and what happens in long-run equilibrium.

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Be Careful With State-Level Job Growth Stats

Tuesday, February 3rd, 2015 by posted in Economics.

There is a very intriguing chart making the rounds on social media, showing the impressive job growth in Texas versus the rest of the United States:   Here is AEI’s Mark Perry writing up the full discussion to accompany the

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The Complexity of Economic Growth

Tuesday, February 3rd, 2015 by posted in Capitalism, Economics.

What is economic growth? Economists talk incessantly about it. Whether in newspapers or textbooks, the dismal science appears predicated on the idea of increasing growth. Politicians love pointing to economic growth that occurs under their watch, and shrinkage under the

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Fractional-reserve car rentals?

Tuesday, February 3rd, 2015 by posted in Capitalism, Economics.

I recently got into a discussion with Philipp Bagus about what the real market test for fractional-reserve banking would be. One potential market test to at least test for the potential viability of the banking model would be to see

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Solving the Great Piketty Minimum Wage History Mystery

Sunday, February 1st, 2015 by posted in Economics, Uncategorized.

Long-time Mises Canada readers know that I have devoted several posts to a critique of Thomas Piketty’s 2014 bestseller, Capital in the Twenty-First Century. For example, here I talk about the poverty of Piketty’s capital & interest theory, and here

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The Reason for Hyperinflation-phobia

Sunday, February 1st, 2015 by posted in Economics.

The New York Times can be forgiven for blaming the empty shelves in Caracas to the plunge in oil. However,  a raging hyperinflation cleared the cupboards before the price of oil was cut in half.  William Neuman’s front page story

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Scott Sumner’s Incredible Arguments on the Swiss Currency Peg

Friday, January 30th, 2015 by posted in Economics.

Recently the Swiss National Bank (SNB) dropped the peg it had established in September 2011, holding the Swiss franc at 1.2 to the euro. Unlike the pegs of weaker, less trustworthy monetary authorities, the aim of the Swiss policy was

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