Blog  RSS Feed

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

Comments are off for this post

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

1 comment

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

Comments are off for this post

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

Comments are off for this post

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

1 comment

The Banking System Can’t Lend Out Reserves, But a Bank Can

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

This post will seem simple to some, but I want to correct a slight confusion I’ve seen over the last several years in the economics blogosphere. (I was motivated to write because of an exchange with Nick Freiling, who loves

3 comments

Randians versus Rothbardians

Monday, December 22nd, 2014 by posted in Capitalism, Uncategorized.

It’s easy and often entertaining to take potshots at leftist progressives who want the federal government to run health care (sorry Canadians), or at right-wing neoconservatives who want the federal government to run the world (sorry Americans). But the truly

8 comments

The Keynesian Desperation Regarding 1920-21 Is Now Embarrassing

Monday, December 22nd, 2014 by posted in Economics.

In a previous post, I discussed the newfound interest in the United States’ depression of 1920-21 because of Jim Grant’s book. As I explained in my post, Grant is following in the tradition of several free-market writers (including me) who

Comments are off for this post

Will lifting the embargo bring prosperity to Cuba?

Monday, December 22nd, 2014 by posted in Capitalism, Economics, Politics.

On December 17th, the White House announced that it would restore full diplomatic relations with Cuba. This is certainly a step in the right direction. Nevertheless, ending the American embargo on Cuba – something Mr. Obama cannot do without approval

1 comment

January Toronto Mises Meet! (UPDATED date and speaker!)

Monday, December 22nd, 2014 by posted in Events.

**UPDATE 2**: Our old friend Dan Simon of Euro Pacific Canada will be giving a special presentation! Don’t miss it! *UPDATE*: The event is now on Tuesday, January 27th! Ring in the new year with your liberty-loving friends from the

2 comments

The Austrian Case Against Economic Intervention

Monday, December 22nd, 2014 by posted in Economics, Regulation.

The basic unit of all economic activity is the un-coerced, free exchange of one economic good for another based upon the ordinally ranked subjective preferences of each party to the exchange. To achieve maximum satisfaction from the exchange each party

1 comment

In (Reluctant) Defense of Food Babe

Friday, December 19th, 2014 by posted in Economics, Regulation.

I love watching debates like this unfold. The “Food Babe,” a blogger and activist dedicated to misinforming people for fun and profit, has been making headlines, both positive and negative, for her over the top claims about food additives by

2 comments

Russia takes a page out of the Paul Volcker playbook

Tuesday, December 16th, 2014 by posted in Economics, Regulation.

From Zero Hedge: Russia Shocks With Emergency  Rate Hike The move by the Bank of Russia to drastically raise rates is the first break by a major central bank in the worldwide Keynesian dogma that lower rates are required to

1 comment

Do Treasury Yields Prove QE Had No Effect?

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

Now that the third round of quantitative easing (“QE3″) has officially ended, proponents of looser money are gleefully pointing to low U.S. Treasury yields as (apparent) proof that the Fed never had anything to do with low interest rates. Ironically,

Comments are off for this post

Down with Grumpy Cat

Monday, December 15th, 2014 by posted in Capitalism, Economics, Socialism.

“The proletarians have nothing to lose but their chains. They have a world to win. Working Men of All Countries, Unite!” – Karl Marx In our dire era of increasing economic inequality, we need a symbol for the oppression of

2 comments

Krugman’s Uncertainty

Thursday, December 11th, 2014 by posted in Banking, Capitalism.

Attending the “Managing the Economy: Main Street, Wall Street and the Federal Reserve” on 9th December 2014, I was able to hear Dr Paul Krugman speak on issues of monetary policy and fiscal policy. Fiscal policy was deemed irrelevant early

Comments are off for this post

Attend the Austrian Scholars Conference Feb. 20-21

Thursday, December 11th, 2014 by posted in Capitalism, Economics, Education.

Grove City College will host the eleventh annual Austrian Student Scholars Conference, February 20-21, 2015. Open to undergraduates and graduate students in any academic discipline, the ASSC will bring together students from colleges and universities across the country and around

Comments are off for this post

How Far are you Willing to Go?

Wednesday, December 10th, 2014 by posted in Civil Liberties, Law, Philosophy.

When I was in college (at the progressive stronghold Oberlin College in Ohio), the most profound influence I received was the tutelage of philosophy professor Tim Hall, a libertarian whose area of expertise was ethics. In his Philosophy and Values

Comments are off for this post

Denmark joins Switzerland in mad rush to destroy its currency

Wednesday, December 10th, 2014 by posted in Economics, Trade.

Denmark promises to match the ECB’s money printing craze First the normally sane Swiss promise to match the European Central Bank’s money printing mania. Now the Danes’ have succumbed to the same insane fever. These central bankers harbor the fallacious

2 comments

Paper Submission Alert: Austrian Economics Research Conference 2015

Tuesday, December 9th, 2014 by posted in Capitalism, Economics, Education.

The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn,

3 comments