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Billionaires Load Up on Cash

Tuesday, September 23rd, 2014 by posted in Banking.

One of Ludwig von Mises’ most insightful parts of Human Action is his discussion on the reason to hold a cash balance. By using his construct of the “evenly rotating economy”, Mises shows that the only reason why an individual

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Paul Cantor: Model Mentor

Monday, September 22nd, 2014 by posted in Economics, Education.

I once called Paul Cantor “the incomparable Cantor.” Another apt, alliterative sobriquet would have been “model mentor.” When others weren’t, Paul was there for me. He helped me. He taught me. He guided me. He’s the type of scholar I’d like

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Is Science Investment Always a Good Thing?

Monday, September 22nd, 2014 by posted in Economics, Politics.

The worship of science is a peculiar feature of our age, especially given the incredibly broad and non-specific nature of the term, and the vast quantitative and qualitative differences in  outcomes from various types of research within the scientific disciplines.

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The Scottish Referendum

Friday, September 19th, 2014 by posted in Civil Liberties.

I’ve refrained from comments on the Scottish referendum on independence. Let people decide their own path is a reasonable stance to take, so let the Scots decide the future of Scotland. Yet in discussion with one of my past students

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IMF: QE Encourages Risk

Thursday, September 18th, 2014 by posted in Banking, Economics.

Recently the Fed released research stating that it encouraged moral hazard and risk taking with its QE programs. Never one to fall behind, now the International Monetary Fund is in on the trick. After promoting QE for years (see here

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The Efficient Majors Hypothesis

Thursday, September 18th, 2014 by posted in Economics.

One day a smart young graduate from the University of Chicago named Eugene barged his way into the office of the Cubs’ owner, Tom Ricketts. The following conversation ensued: EUGENE: Mr. Ricketts! You’re throwing away millions of dollars in your

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Lock Up Your Daughters

Wednesday, September 17th, 2014 by posted in Civil Liberties.

It turns out the hysterical warnings we constantly hear, telling us that our children are unsafe and the most terrifying of dangers lurks around every corner were right all along. Only instead of the danger coming from murderers or kidnappers

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The Strike to End All Strikes

Tuesday, September 16th, 2014 by posted in Economics, Education.

The teachers’ strike in British Columbia is over… almost. On Thursday, 40,000 public school teachers in the province will vote on whether to accept the proposed contract. Neither side got everything it wants, and the main headline is that teachers

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Economic Policy Treats Symptoms, Not Underlying Causes

Tuesday, September 16th, 2014 by posted in Economics.

Take a look at the breathtaking array of government policies designed to fix every conceivable problem citizens might encounter. Look at the laws governing labor unions, minimum wage laws, occupational licensure, unemployment insurance, stimulus spending; look at the endless efforts

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Property Rights as Social Justice – from John Locke’s Perspective

Tuesday, September 16th, 2014 by posted in Economics.

John Locke holds that property rights are just. This conviction is implied in his notion that justice is of nothing but the preservation of the individual’s natural rights,[1] of which property rights are an essential component. It seems clear that,

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Krugman Shucks and Jives on Minimum Wage Hike

Monday, September 15th, 2014 by posted in Economics.

In a recent Business Insider interview Paul Krugman showcased his uncanny ability to utterly mislead viewers on the state of economic science, without actually lying. Here’s a portion of the exchange (which I am typing from the verbal interview): JOE

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Secession, Decentralization, and Competition

Monday, September 15th, 2014 by posted in Politics.

As Scotland prepares to vote on whether or not to secede from the United Kingdom and become an independent country, much of the talk has revolved around specifics – which currency will be used? How will the control over the

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Europe decides to eat its capital

Monday, September 15th, 2014 by posted in Banking, Economics.

Re: The Death Spiral of Capitalism, by Martin Hutchinson We now see why the profligate countries of the European Monetary Union allowed the European Central Bank to institute a negative interest rate against reserves AND now have allowed it to buy

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September Mises Meet!

Monday, September 15th, 2014 by posted in Events.

The leaves are changing, but the excuses for war and tyranny remain the same!Join the Ludwig von Mises Institute of Canada for our monthly meet up on Tuesday September 23, at 7 pm, at the Pauper’s Pub! Enjoy food, beverage, and

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The Regret of War

Sunday, September 14th, 2014 by posted in Economics.

We all have regrets. But if you find yourself consistently ruing your past decisions, maybe it’s best to rethink your rashness. Writing in the Financial Times this weekend, Richard McGregor gives some perspective on Americans’ change of heart for wars.

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Fiat Lux

Sunday, September 14th, 2014 by posted in Philosophy, Politics.

“Naive trust in the power of words to command reality is found in all mass delusions.” This line was written by Garet Garrett in his 1922 novel and celebration of entrepreneurship, The Driver. It slips by, easily unnoticed in a

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The insanity of majority vote at the ECB

Thursday, September 11th, 2014 by posted in Banking, Economics, Politics.

From today’s Open Europe news summary: The FT reports that the ECB will press ahead with its plans to purchase Asset Backed Securities (ABS) despite both the French and German government rejecting the bank’s calls for them to provide public guarantees to

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Scotland’s goal: Out of the frying pan and into the fire!

Thursday, September 11th, 2014 by posted in Economics, Politics, Regulation, Socialism.

Re: Alex Salmond says Scotland could join the EU in 18 months Why in the world would Scotland want to jump from one socialist union to an even bigger socialist union? Independence from the UK is Scotland’s chance to become the

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Government Interest Payments

Thursday, September 11th, 2014 by posted in Economics.

It’s not just homeowners who have to worry about rising interest rates, the Federal government might soon get a taste of its own medicine. With the Fed doing all it can to stimulate inflation, increases to interest rates are taking

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Positive Methodology in Language

Wednesday, September 10th, 2014 by posted in Epistemology, Law, Philosophy.

The iconoclastic religion of scientism looks to have achieved a new victory. Reporting in The Chronicle of Higher Education, Michael Chorost informs us that neuroscientists recently uncovered how the brain reacts to language, and what it means in understanding words

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