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Oh, no! Not lower prices!

Monday, August 18th, 2014 by posted in Economics.

From today’s Open Europe news summary: Italian Finance Minister Pier Carlo Padoan has said in an interview that the ECB “has to be consistent and bring [eurozone] inflation close to 2%…which is very far from current levels.” Separately, Handelsblatt reports that the

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Germany cannot carry Europe any longer

Monday, August 18th, 2014 by posted in Economics, Politics.

From today’s Open Europe news summary: Persson: Eurozone still an awfully long way from becoming a healthy and vibrant economic bloc In the Sunday Telegraph, Mats Persson argued that while the risk of a euro breakup has subsided, “the currency zone

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Low Interest Rates Harm Everyone

Monday, August 18th, 2014 by posted in Banking, Capitalism, Economics.

It’s not just poor pensioners who are harmed by central banks’ ultra-low interest rate targets. Governments are now also getting squeezed. Pension plans like social security rely on, historically, fixed-income investments to provide returns for the future payouts. With interest

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Conservatives Embrace Disparate Impact?

Monday, August 18th, 2014 by posted in Law, Politics, Regulation.

Libertarians know politics is a poor man’s way to effect long-lasting change. Voting certainly brings immediate results. But it doesn’t change attitudes. It takes a sustained didactic campaign to spread ideas. And sometimes, circumstance plays a critical role in ensuring

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Debunking Piketty’s Capital with George Reisman

Saturday, August 16th, 2014 by posted in Capitalism, Economics.

John O’Donnell and special guest George Reisman discuss Piketty’s new book Capitol in the Twenty-First Century. They discuss Reisman’s recent review of the book entitled Wrong Theory/Destructive Program. They also discuss education and its lack of substance in the U.S.

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Against “The Pragmatic Libertarian Case for the Basic Income Guarantee”

Friday, August 15th, 2014 by posted in Uncategorized.

Self-styled “Bleeding Heart Libertarian” Matt Zwolinski is out with a new series of essays defending a “basic income guarantee” (BIG). For those who don’t know, a BIG is a program where the government gives everyone, regardless of wealth or income,

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The Economics of Immigration

Thursday, August 14th, 2014 by posted in Economics.

In economist George Borjas’ new book Immigration Economics, he poses a problem, which, on the surface appears to be unexplainable using the tools of classical economics. The problem is this: if an increase in the supply of a good tends

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August Mises Meet!

Thursday, August 14th, 2014 by posted in Events.

Summer is almost coming to an end, but the fight for liberty goes on!Join the Ludwig von Mises Institute of Canada for our monthly meet up on Tuesday August 26, at 7 pm, at the Pauper’s Pub! Enjoy food, beverage, and

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The Case Against a Maximum Wage

Wednesday, August 13th, 2014 by posted in Economics, Regulation.

The minimum wage has been such a hot topic of debate over the last year or so that journalists and commentators have apparently gotten sick of it and are instead proposing still crazier ideas of ways in which the government

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The Privilege of Watching War

Monday, August 11th, 2014 by posted in Foreign Policy, Lifestyle.

Iraq War the Third is now in its nascent stages. Last week, after a slew of confused press reports, President Obama ordered a number of airstrikes in the Northern territory of Iraq. This was called a “humanitarian intervention” to protect

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Fed Fueled M & A Destroys Capital

Monday, August 11th, 2014 by posted in Banking, Economics.

The world’s central bankers have given companies the urge to merge. Merger and Acquisition (M&A) activity has already reached $2.2 trillion this year according to Thomson Reuters Deals Intelligence, up 70% from this time a year ago. The deals are

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Dating and Politics

Friday, August 8th, 2014 by posted in Politics.

Last fall, a study from the Pew Research Center’s Internet and American Life Project concluded that a majority of Americans believe online dating is “a good way to meet people.” When polled, six out of ten respondents had positive views

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Krugman Admits His Inflation Model Has Been Wrong Since Great Depression

Thursday, August 7th, 2014 by posted in Economics.

Precisely because Paul Krugman and I have had an unpleasant exchange of views on the subject, I realize there is a danger in me beating a dead horse, or appearing to be making excuses, whenever I return to the topic of

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Money Doesn’t Really “Go Into” Other Financial Assets

Thursday, August 7th, 2014 by posted in Banking, Economics.

One of the interesting features of the U.S. economy since 2008 is that despite the tremendous increase in what’s called “the monetary base”—the quantity of dollars that the Federal Reserve directly controls—we haven’t seen a corresponding increase in consumer prices.

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I’ll punish you by starving my own people

Thursday, August 7th, 2014 by posted in Economics.

Re: Russia bans food imports from US and EU Putin has banned food imports from the US, EU, Canada, and Japan.  He is waging war against his own people in the misguided view that it is money that people desire and

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How Group Identities Endanger Freedom

Wednesday, August 6th, 2014 by posted in Philosophy.

There is a verbal sleight of hand practiced in politics so frequently that even the champions of free markets tend to fall into its trap. It is a fallacy of composition relating to the misidentification of a group with its

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On Krugman’s Arrogance

Monday, August 4th, 2014 by posted in Economics, Epistemology.

Economist Paul Krugman’s New York Times column dropped off my reading list months ago. His conscious effort to become a kind of parody of himself, a holier-than-thou hero fighting off the scourge of ignorant free marketeers, was too much of

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Review: The Murder of the Middle Class

Monday, August 4th, 2014 by posted in Politics.

Wayne Allyn Root’s latest book, The Murder of the Middle Class, is the latest in a long line of political books pointing out the obvious shortcomings of the Obama administration and of progressive policies in general. In this respect, it

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Trade does not need to be managed

Monday, August 4th, 2014 by posted in Economics, Trade.

From today’s Open Europe news summary: Writing in the Telegraph, London Mayor Boris Johnson argues that “It is clear that 25 years ago we made a miscalculation about one of the consequences of EU enlargement. We were right to want to

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My letter to USA Today re: John Waggoner’s Sleight-of-Hand

Saturday, August 2nd, 2014 by posted in Law.

Dear Sirs: John Waggoner perpetrates a sleight-of-hand on his readers when he equates investing with gambling in regard to Paul Singer demanding repayment of his Argentine bonds.  Investing is ruled by law, and Mr. Singer is demanding that the law be upheld.

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