Reposted from Zero Hedge Up until now, Argentina’s descent into a hyperinflationary basket case, with a crashing currency and loss of outside funding was relatively moderate and controlled. All this is about to change. Today, in a futile attempt to halt inflation,
In recent years gold has become a sought-after currency in Vietnam. Why? The usual reason: its government has been printing too much money, causing prices to rise, and causing its currency, the Vietnamese dong, to plummet in value. But by
To swindle is to achieve something by fraud or deceit. In stereotype form, the swindler is a snake oil salesman who promises miracles in a jar for an extra low price. While this sly vendor might be seen as unsavory
When state predation reaches a high degree of oppressiveness, there is no telling what the tyrannized will resort to in order to survive. A widespread lack of material sustenance or nourishment turns craven behavior into the norm. Society turns on
My high school education spanned a now unusual five years, over an even more unusual two continents and three countries. I started in the south European backwater that is Macedonia for my first two years, took my “junior year†in
OK. Obviously they’re not murdering people in genocidal ovens but they are being anti-competitive bureaucrats. The title actually comes from a conversation I once overheard on the bus. Some old guy was talking about phone companies to a young family.
On page 4 of last Monday’s Metro Toronto, journalist Jessica Smith detailed the heroic actions of Toronto chef and restaurateur Rodney Bowers, as he joined Vancouver chef and restaurateur Mark Brand’s effort to address poverty in his community. The Brand-Bowers plan to
Hat tip to James E. Miller for the title of this post. The United Kingdom’s Daily Mail reports, “Growth more important than inflation says new Bank boss as he insists they are not ‘maxed out’ of ideas” My take? New
With a release date of April 19th, the first footage of the Steve Jobs biopic “jOBS†recently found its way onto the internet. The film, which stars Ashton Kutcher, recounts the career of Jobs from the time he built the
Last fall, Health Canada announced the national government will be leaving the marijuana distribution business and privatizing the whole affair. For a conservative administration like Stephan Harper’s, this can be seen as a welcome step in taming Leviathan’s reach over
At the annual World Economic Forum in Davos, Switzerland, economist Nouriel Roubini indicated that “bond vigilantes are asleep at the wheel” insofar as U.S. Treasury debt is concerned. In other words, he is suggesting that investors who continue to purchase
There is no better way to get an unwitting populace clamoring for more state power than instilling the pathological thought pattern of victimology. With much of the public believing themselves to be victims of a nameless apparition, the allure of
The idea of a casino in Canada’s largest city has been discussed on and off for the past few years, and the topic seems to have picked up ground in recent months. This week National Post, owned by Postmedia, whose
On Monday, the Canadian Federation of Independent Business (CFIB) unveiled the third edition of Canada’s Red Tape Report. It reveals the pecuniary impact of the various government regulations imposed on Canadian businesses. For the first time ever, it also compares
Whole Foods CEO John Mackey found himself in hot water lately. After likening the dubiously titled Patient Protection and Affordable Care Act, typically known as ObamaCare, to fascism in an interview with NPR, Mackey is facing a wave of protests
A must see interview with Nassim Taleb Published on 20 Jan 2013 Nassim Nicholas Taleb is a former trader and hedge fund manager, a best-selling author, and a groundbreaking theorist on risk and resilience. Taleb drew wide attention after the 2007
On certain mornings, a pastor from Virginia will board the orange line of the Washington metro rail system and serenade the occupants with spiritual songs from his hymnal. The man, Fisher Yang, receives both applause and jeers from riders as
Saturday, January 19, 2013 10:00AM-4:00PM Co-hosted with the Institute for Liberal Studies. This free, one-day will feature author and economist Edward Lopez talking about his new book “Madmen, Intellectuals, and Academic Scribblers: The Economic Engine of Political Change.” We’ll also
In a recently conducted analysis by the Washington Times, it was found that many members of the U.S. House of Representatives “don’t understand the founding document [the Constitution] or don’t take its precepts seriously.†To the conservative newspaper, the discovery was a shocking
Republished from Zerohedge.com When we first heard about it, we thought Handelsblatt had gotten something very wrong. The implications were just so staggering. Turns out the news was spot on. Here is the official announcement from the Bundesbank, which roundly
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