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More Insanity from the European Union

Friday, March 14th, 2014 by posted in Capitalism, Economics, Regulation.

Fascinating excerpts from the March 14, 2014 Open Europe news summary in italics and my comments below each: All mobile phones and some other electronic appliances on the European market will have to come with a standard charger by 2017

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Our Unrepentant Fed

Thursday, March 13th, 2014 by posted in Banking, Capitalism, Economics, Politics.

Re: Fed nominee Fischer says easing still needed amid unemployment The above Bloomberg article on Stanley Fischer as the Fed’s nominee for its number two person bodes ill for America and the world.  Fischer has spent his entire adult life

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Mt. Gox Problems Mount

Thursday, March 13th, 2014 by posted in Banking, Economics.

In the aftermath of the demise of bitcoin bank Mt. Gox comes a few startling revelations. A newly released “Crisis Strategy Draft” confirms some unfortunate truths long suspected of its handling of clients’ bitcoin deposits. (The document might be a


Sociologists Spot the Blinders of Macroeconomics

Wednesday, March 12th, 2014 by posted in Banking, Economics, History.

Sociology is the last place from which one would expect helpful insights into the workings of the Fed.   While at one time the field produced some illuminating work on economic topics — think of Max Weber’s The Protestant Ethic

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Austrian vs. the Keynesian Herd

Wednesday, March 12th, 2014 by posted in Banking, Economics.

After a crash everyone asks, “what were they thinking?”  However, most of Wall Street takes the words of John Maynard Keynes to heart. In 1931 he said,  “A sound banker, alas, is not one who foresees danger and avoids it,

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Slavery Could Not Persist in an Otherwise Free Market, Part II

Tuesday, March 11th, 2014 by posted in Capitalism, Economics.

In a previous post, I elaborated on Ludwig von Mises’ comments to argue that human slavery could not persist in an otherwise free market. Mises claimed that free labor was more productive than slave labor, and I used this empirical

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Death of an Auto Industry

Tuesday, March 11th, 2014 by posted in Economics.

It’s not just the auto industries of Canada and the United States that are plodding along towards a slow demise. The auto industry in Australia will soon be a piece of history, according to Iain Marlow writing for The Globe

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What Academic Freedom?

Monday, March 10th, 2014 by posted in Education, Epistemology, Law.

“Academic freedom” is one of those phrases that evokes little protest and little emotion. In fact, these days it has become pretty boring. The concept is taken purely at face value. In our liberal age, the open vetting of ideas

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Three Examples of EU Madness

Monday, March 10th, 2014 by posted in Capitalism, Economics, Politics.

The italicized paragraphs are from the Open Europe news summary of March 10, 2014. My comments below each: Eight leaders of the European People’s Party (EPP), including German Chancellor Angela Merkel, have backed a call for students to be given

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Krugman’s First Derivative Problem With Wages

Monday, March 10th, 2014 by posted in Economics.

Paul Krugman has an annoying tendency to set up a discussion with language that suggests one thing, then “back it up” with data that show something rather different. In this post, I’ll go over two recent examples of Krugman’s discussion

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Where’s the Austerity?

Monday, March 10th, 2014 by posted in Banking, Economics.

Global debt now exceeds $100 trillion, according to the Bank of International Settlements. Over the past five years, debt has increased by about $30 trillion. What’s more, governments have been the largest issuers. Low interest rates have attracted governments to

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March Mises Meet!

Friday, March 7th, 2014 by posted in Events.

Spring is mercifully around the corner, so celebrate the changing seasons with the Mises Institute of Canada! Join us for our monthly meet up on Tuesday March 25, at 7 pm, at the Pauper’s Pub! Enjoy food, beverage, and discussion

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Bitcoin Banking

Friday, March 7th, 2014 by posted in Banking, Capitalism, Economics, Law.

A currency is only as safe as the bank that stores it. Nowhere is this more apparent than in the recent turmoil in the bitcoin community. One the primary advantages of bitcoin, perhaps even the greatest advantage of the cryptocurrency,

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Supreme Court to Hear Gambling Case

Friday, March 7th, 2014 by posted in Capitalism, Law.

We all know that gambling is bad. It’s a thinly disguised way for exploitive casino owners to part a fool from his money, and leads to dangerous addictions that destroy families and lives. Naturally, it is in the public interest

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A Mental Barrier to Liberty?

Thursday, March 6th, 2014 by posted in Law, Philosophy.

Is it possible to convince others of the benefits of liberty? Can the mass-man ever be convinced that the state impedes on his own flourishing? I have my doubts. Government promises an escape from the drudgery of life. It also

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Staples Celebrates The Recovery With 225 Store Closures, Sales Plunge

Thursday, March 6th, 2014 by posted in Uncategorized.

Reposted from Zerohedge: Nothing says global ‘economic recovery’ like a major retailer drastically missing revenue expectations, slashing earnings projections and announcing it will shutter 225 stores nationwide. Staples, the largest US office supplies retailer, hit the triple whammy and didn’t blame

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Satoshi Nakamoto revealed!

Thursday, March 6th, 2014 by posted in Uncategorized.

Satoshi Nakamoto has been revealed! ‘Satoshi Nakamoto‘, the mysterious founder and creator of the biggest digital cryptocurrency ‘Bitcoin‘ has reportedly been unmasked as a 64-year-old father of six living in Temple City, Southern California.   Satoshi Nakamoto introduced Bitcoin to the world


Multiple examples of what is wrong with the EU

Thursday, March 6th, 2014 by posted in Banking, Capitalism, Economics.

From today’s Open Europe news summary: 1. Brussels proposes revamped €11bn aid package for Ukraine   2. The European Commission yesterday released its in-depth review into macroeconomic imbalances, in which it called for “policy action” on the German current account

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Episode 46 – Julie Borowski: Online Activism, Media vs. Libertarianism, and Drug Policy

Tuesday, March 4th, 2014 by posted in Philosophy, Politics.

Catch one of the latest episodes of “Better Red Than Dead” with special guest libertarian personality Julie Borowski! You can listen here.  

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A Letter from Cass Sunstein

Monday, March 3rd, 2014 by posted in Politique, Regulation, Socialism.

From the desk of Cass Sunstein Former Administrator of the White House Office of Information and Regulatory Affairs Former appointment to NSA Advisory Panel March 3, 2014 Hello there citizen! I hope you are enjoying your day. I also hope