Blog  RSS Feed

My letter to the Financial Times, London re: Eurozone needs quantitative easing

Monday, July 21st, 2014 by posted in Economics.

Re: Eurozone needs quantitative easing Dear Sirs: All the so-called benefits that you expect the eurozone countries to derive from a European Central Bank program of quantitative easing are myths.  Myth number one: QE will spur an economy to greater production.

No comments yet

Krugman: CBO Doesn’t Know How to Read Its Own Report

Sunday, July 20th, 2014 by posted in Economics.

Paul Krugman reads the latest long-term forecast from the US Congressional Budget Office (CBO) and he likes what he sees. Even though the nearby graph is the CBO’s projections for the growth of federal debt, Krugman nonetheless offers this rosy


Continuing My Chats With Noah Smith

Saturday, July 19th, 2014 by posted in Economics.

Economist Noah Smith has fired another volley against Austrian economics, in response to my Mises Canada defense against his original attack featured on Bloomberg. Much to my surprise, several of my followers asked that I answer Noah yet again. I thus


MH17 Madness

Saturday, July 19th, 2014 by posted in Civil Liberties, Economics, Events.

The more things change, the more they stay the same. The furor over the downing of MH17 has brought forward the predictable public ire. Blood for blood seems to be the most advocated solution now, and politicians in the Western


The Ever-Tightening Noose of Airport Security

Friday, July 18th, 2014 by posted in Regulation.

How afraid are you when you get on a plane? More importantly, how afraid should you be? Ever since the terrorist attacks on September 11, 2001, fear of flying has been a constant presence in the western world. Immediately following

1 comment

More Bubble Trouble

Friday, July 18th, 2014 by posted in Banking, Economics.

With stocks at all-time highs, it’s hard not to think that we are in the midst of a bubble. According to one analyst, not only are we in a bubble, but it’s one of the biggest of all time. Stocks


The Keynesian Kontortions on “Austerity”

Thursday, July 17th, 2014 by posted in Economics.

In the second half of this episode of the Tom Woods Show, Veronique de Rugy explains that blaming Europe’s economic woes on “fiscal austerity”–as many of today’s leading Keynesian pundits are wont to do–is very misleading. For one thing, many

No comments yet

Snitches and the State

Thursday, July 17th, 2014 by posted in Capitalism, Economics, Law.

Former U.S. Congressman Barney Frank once described government as “the name we give to things we choose to do together.” It’s an innocuous-sounding phrase that provides fuel to progressives who want to use state authority against heretics of their liberal

No comments yet

Progressives Against Progress

Thursday, July 17th, 2014 by posted in Philosophy, Politics.

What’s in a name? Etymologically speaking, quite a lot, but over time, many words lose the meanings they originally had. Nowhere is this more true than in the realm of politics. Liberal used to mean someone who fought for freedom,

No comments yet

New digital currency backed by gold

Thursday, July 17th, 2014 by posted in Civil Liberties, Economics, Politics, Regulation.

Gold backed digital currency People often ask me how gold can be used as a currency, since it would be almost impossible to create a coin that would be small enough to conduct everyday transactions, such as buying a cup

No comments yet

Why Not Secession?

Thursday, July 17th, 2014 by posted in Economics.

Michael Ignatieff thinks secessionist movements are a bad idea, whether in Canada, Spain, Britain, the former Yugoslavia, or more recently, Ukraine. When I see Scots or Catalans thinking of breaking up a union, I feel what a poet called a

No comments yet

Exclusive to Members: Rothbard U Livestream

Tuesday, July 15th, 2014 by posted in Announcements, Events.

FREE LIVESTREAM: 3-Day Rothbard University Seminar Exclusive to members Rothbard University 2014 Or attend in-person : $499 per ticket Presented by Mises Canada Broadcast by A collection of lectures, courses, and discourse following the Austrian School of Economics ­­­Join us! Click

No comments yet

Rothbard U Opening Reception!

Tuesday, July 15th, 2014 by posted in Events.

MAJOR UPDATE: The event is now being held at Loire Restaurant119 Harbord StreetToronto, Ontario M5S 1G7 (416) 850-8330 It’s finally here! Join us for the launch of the first ever Rothbard University! Rothbard University is an intensive 3 day lecture series on

No comments yet

The “Free” Market in Marijuana

Monday, July 14th, 2014 by posted in Capitalism, Civil Liberties, Economics, War on Drugs.

Washington may have recently become the second State to legalize marijuana sales, but that doesn’t mean selling weed has gotten any easier. A myriad of regulations have all but frozen some willing entrepreneurs into a state of inaction, fearful of

No comments yet

How Great a Deal was the Louisiana Purchase?

Monday, July 14th, 2014 by posted in Capitalism, Economics.

Over at the Mises Institute, I recently tackled the problem of how good a deal several of America’s historical land purchases have been. While the cases of the Louisiana or Alaska purchases have gone down in history as demonstrating great

No comments yet

The Bias Towards Action

Friday, July 11th, 2014 by posted in Philosophy, Politics.

Human beings are a pro-active species. They like to get things done. All human progress is built around the idea of not being content with your circumstance, but acting to improve them. We are the masters of our destinies, or

No comments yet

The Importance of Capital Accumulation for Economic Growth

Friday, July 11th, 2014 by posted in Capitalism, Economics.

I’m at FreedomFest with Mises Canada. Earlier today I watched a panel and one of the participants–George Gilder–in the midst of a very impressive set of remarks made an offhand comment that is actually quite wrong. I am bringing this


Non-Initiation of Aggression Is Necessary, But Not Sufficient, For Being a Nice Guy (or Gal)

Friday, July 11th, 2014 by posted in Economics, Law, Philosophy.

This is a minor point, but believe it or not, I have to make it: Libertarian ethical theory (as developed, for example, by Murray Rothbard in Ethics of Liberty) does NOT say: “As long as you don’t initiate aggression, you

No comments yet

A treaty with the EU or the ECB means nothing

Friday, July 11th, 2014 by posted in Economics.

From today’s Open Europe news summary: French Economy Minister Arnaud Montebourg said yesterday, “[It is] inevitable that the ECB goes even further in its non-conventional monetary policies, by finally proceeding to the purchase of public debt securities if the euro

No comments yet

First Derivatives Are a Tough Knut for Krugman to Crack

Friday, July 11th, 2014 by posted in Banking, Economics.

In a recent blog post, Paul Krugman tries to invoke the legacy of Knut Wicksell to prove that asset markets aren’t in a massive bubble. This is ironic, since Ludwig von Mises’ own theory of the business cycle drew on

1 comment