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Switzerland Leaves the European Monetary Union

Friday, January 16th, 2015 by posted in Banking, Economics, Politics.

Oh. You didn’t know that Switzerland was part of the European Monetary Union? You thought that the Swiss used their own currency, the Swiss franc? In a definitional sense only, you are correct. Within its monopolized currency area, the political

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A *Defender* of Piketty Damns With Faint Praise

Friday, January 16th, 2015 by posted in Economics.

I previously blogged about my new paper (with GMU’s Phil Magness) critiquing the empirical contribution of Thomas Piketty’s bestseller, Capital in the 21st Century. Our paper recently became the #1 downloaded (in the last 60 days) on the Social Science

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From the “You can’t make this stuff up” department

Wednesday, January 14th, 2015 by posted in Economics, Politics.

From today’s Open Europe news summary: Irish Finance Minister Michael Noonan said yesterday that he would not dismiss the idea of a European conference to discuss a possible debt write-down for crisis-hit Eurozone countries such as Greece, Ireland and Spain.

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Maastricht Treaty? We don’t need no stinkin’ Maastricht Treaty!

Tuesday, January 13th, 2015 by posted in Law, Politics.

From today’s Open Europe news summary: Bank of France Governor Christian Noyer told Handelsblatt that, if the ECB were to buy government bonds, he would favour “a cap” in terms of percentage of the market which the ECB can buy. Handelsblatt Le

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The worst that can happen to you for committing a nonviolent marijuana crime, around the World

Tuesday, January 13th, 2015 by posted in Capitalism, Civil Liberties, Education, Law, Lifestyle, War on Drugs.

Everyone knows different countries treat drugs differently. For example, if you get caught buying or selling a large amount of marijuana in Canada, you’re probably not going to get your head chopped off by the government–but in Saudi Arabia, that is the law.

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The Quick Summary of My Paper (With Magness) on Piketty

Monday, January 12th, 2015 by posted in Economics.

Phil Magness, a historian at George Mason University, and I have a new paper critiquing the empirical contribution of Thomas Piketty’s runaway bestseller, Capital in the Twenty-First Century. Because Piketty is such a hot topic right now, FoxNews and some

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Commodity Booms and Busts

Sunday, January 11th, 2015 by posted in Economics.

An article in The Globe and Mail details the woes of a Labrador mining town that has been crushed by the collapse in iron ore prices: “The Wabush mine…is shutting down along with another iron ore mine called Bloom Lake in

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Mises Canada Continuing Education

Sunday, January 11th, 2015 by posted in Announcements.

It’s no secret that Mises Canada exists in order to educate the Canadian public about Austrian Economics.  What you may not know is that we regularly teach courses on this subject across the country. When did this start? You ask,

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Austrian Economics and Math

Sunday, January 11th, 2015 by posted in Economics.

Several people have sent me this curious blog post by Brian Albrecht, who is a PhD econ student at Minnesota and (this academic year) an Adam Smith Fellow at GMU. The post is titled, “Study Math, My Austrian Friends” and

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The CCF’s 2015 Law and Freedom Conference

Saturday, January 10th, 2015 by posted in Uncategorized.

    Those interested in Canadian Law and Individual Freedom might be interested in attending this conference that will be held in Toronto next weekend – Find out more here http://theccf.ca/2015conference/ The Canadian Constitution Foundation is pleased to announce the return

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Uber and Basic Economics

Thursday, January 8th, 2015 by posted in Capitalism, Economics.

Last year, the car-sharing service Uber had the privilege of being a prime target of the capitalist-loathing left. Not only did the company challenge traditional barriers to entry established by government-friendly cartels, but it earned the distrust of the mainstream

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Maybe Italy should raise the minimum wage

Wednesday, January 7th, 2015 by posted in Economics, Politics.

From today’s Open Europe news summary: Preliminary estimates by the Italian national statistics office ISTAT show that Italy’s unemployment rate went up to 13.4% in November, with youth unemployment soaring to 43.9% – a new record high. La Repubblica ISTAT Il Sole

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A statement full of Keynesian fallacies

Friday, January 2nd, 2015 by posted in Banking, Economics.

From today’s Open Europe news summary: Draghi: ECB ready to initiate QE to counter low inflation In an interview with Handelsblatt, ECB President Mario Draghi warned that persistently low inflation in the Eurozone meant that “the risk that we do not

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Krugman: I’m Only Keynesian to Botch 1980s Inflation Call

Wednesday, December 31st, 2014 by posted in Economics.

Krugman famously admitted he doesn’t read conservative economics bloggers. Maybe he should, though, so he can stop making a fool of himself when he tries to rewrite history. Today’s example is Krugman’s recent post arguing that right-wing economists have created a myth

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Centralization Fails in the Private Sector Too

Wednesday, December 31st, 2014 by posted in Capitalism, Economics.

Proponents of limited government have long recognized the dangers of excessive centralization. When an entity becomes large and many diverse parts are bound by a single nexus of control, it loses flexibility, adaptability, and humanity. This is true of government,

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Paul “Orwell” Krugman Touts Job Growth in the Obama Recovery

Tuesday, December 30th, 2014 by posted in Economics.

For years, Paul Krugman has been warning that the inadequate fiscal stimulus package of early 2009, coupled with the disastrous spending cuts of the “sequester” package, were leading to a “postmodern recovery” and “jobless trap” for the millions of Americans locked

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On the Silliness of the Cuban Embargo

Tuesday, December 30th, 2014 by posted in Capitalism, Economics, Foreign Policy.

Two years after I was born, the Soviet Union hit its final nadir. The former Evil Empire collapsed under the weight of its own economic contradictions, never to recover its original form. The fall was the greatest victory for liberty

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Be Careful When Evaluating Pro-ObamaCare Studies

Monday, December 29th, 2014 by posted in Health Care.

Back in September the pro-Affordable Care Act (ACA) website Vox touted a new working paper by Jonathan Gruber and Robin McKnight. There was nothing explicitly dishonest in the study or the coverage of it, but Vox’s readers would walk away

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Nuclear Distortions

Monday, December 29th, 2014 by posted in Capitalism, Economics, Environment.

When scientists of the early 20th century realized the possibility of producing electricity from radioactive elements, such as radium and, in later years, uranium, research for harvesting energy from the atom grew stronger. With the discovery of the neutron, which

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Preston Manning’s Honesty On Carbon Tax Shows Why It’s Dangerous

Saturday, December 27th, 2014 by posted in Economics, Environment.

Last month Preston Manning had an interesting piece in The Globe and Mail in which he outlined a strategy for getting the public to support government measures of “harnessing markets and fiscal policy” in order to correct negative externalities, especially

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