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Honoring War Heroes

Sunday, May 18th, 2014 by posted in Foreign Policy, Uncategorized.

On May 9th, the Globe and Mail featured “In photos: Faces of honour on a day marking Canada’s Afghan mission.” The piece was introduced with the words, “Day-long event commemorates Canada’s sacrifices during guerilla war that claimed the lives of

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The Lesson of Eugenics: “Perfection” Taken Too Far

Saturday, May 17th, 2014 by posted in Health Care, History, Regulation.

Reprinted from the Press and Journal The era of cheap housing may finally be upon us. In China, the private firm WinSun is using 3D printers to produce up to 10 houses a day. Thanks to the decreased labor cost

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Taking Inventory of Conventional GDP Accounting

Friday, May 16th, 2014 by posted in Economics, Uncategorized.

From a Misesian perspective, there are numerous problems with conventional GDP accounting. The most fundamental problem is that it focuses on spending as the measure of production. So long as we’re dealing with genuine market transactions, this is somewhat defensible–if

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Nicholas Kristof on the Canadian Dream

Friday, May 16th, 2014 by posted in Capitalism, Economics.

Nicholas Kristof, writing for the New York Times, is lamenting the death of the American Dream, the idea that someone can come from nothing and make a new life for himself due to equality of opportunity. Today, he argues, it

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Meet The Man Who Killed Keystone

Friday, May 16th, 2014 by posted in Environment, Politics.

On May 12, the United States Senate fell 5 votes short of the 60 required to invoke cloture. (Cloture is a way to close debate and cause an immediate vote on a bill.) The measure in question was the first


Larry Summers on Piketty: Low Bar for Nobel Prizes These Days

Thursday, May 15th, 2014 by posted in Capitalism, Economics.

When he’s not botching basic historical facts about tax rates and minimum wages–in ways that conveniently serve his political narrative–Thomas Piketty, author of the celebrated Capital in the 21st Century, is botching the basic theory of capital and interest. Here


The end game of Keynesianism: Savings confiscation to force spending now

Wednesday, May 14th, 2014 by posted in Capitalism, Civil Liberties, Economics.

From today’s Open Europe news summary: Reuters: ECB readies negative deposit rate and target liquidity for June WSJ: Bundesbank ready and willing to back further easing of ECB policy Reuters reports that the ECB is working on detailed policy plans


My letter to National Review Magazine re: Not quite at the source of the banking problem

Tuesday, May 13th, 2014 by posted in Banking, Economics, Law.

Dear Sirs: I read with great interest Ms. Diana Furchtgott-Roth’s glowing review of Fragile by Design: The Political Origins of Banking Crises and Scarce Credit.  I decided not to buy the book, because, unlike the reviewer, I do not believe that the

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First airplanes, now cars…people are next

Tuesday, May 13th, 2014 by posted in Civil Liberties.

From the Open Europe news summary of May 12, 2014 The Mail on Sunday reports that the European Commission has ruled that all new vehicles must be fitted with a “black box” for use in emergencies quoting a letter from Transport Minister

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Bond Bubble in Europe’s Periphery?

Tuesday, May 13th, 2014 by posted in Economics, Law.

Re: A Bond Bubble in Peripheral Europe? Open Europe’s Raoul Ruparel asks an important question and hints that the answer is YES.  To much self-congratulations the nations of peripheral Europe have been selling their sovereign bonds at very low interest

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The Myth of Overpopulation

Monday, May 12th, 2014 by posted in Capitalism, Economics.

The world is overpopulated. The street are clogged, traffic is in a snarl, and people are living – both figuratively and literally – right on top of each other. There’s hardly enough room to swing a cat these days, right?


Indian Stock Market at its Highest

Sunday, May 11th, 2014 by posted in Banking, Capitalism, Economics.

The world is watching the ongoing election for India’s federal government, the biggest voting exercise ever, with 814 million people eligible to vote. Narendra Modi is seen as the next Prime Minister (PM). In anticipation of a major expected positive


Better Red Than Dead: 4 Ways to Price the Dow Jones

Saturday, May 10th, 2014 by posted in Banking, Capitalism, Economics.

Check out the latest episode of Better Red than Dead, where Mises Canada Executive Director Redmond Weissenberger speaks to Dave Howden on how to price the stock market. The discussion is related to Howden’s recent Mises Canada Daily piece “Four

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The Launch of – The Great Migration

Saturday, May 10th, 2014 by posted in Capitalism, Lifestyle.

I was in a hotel in a strange city but needed to get to a drug store. Out came the smartphone from my pocket, and I knew in an instant that a CVS was a 10-minute walk away.Saved by the

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Marginal *Physical* Product of Capital Neither Necessary Nor Sufficient For Interest

Friday, May 9th, 2014 by posted in Banking, Economics.

The debate rages over Thomas Piketty’s runaway bestseller, Capital. As I explain in this post, it’s not just free-market Austrian economists who are critical of Piketty’s framework; even “heterodox” economists hailing from the progressive camp are aghast at its treatment


Patents and Birdmen

Friday, May 9th, 2014 by posted in Capitalism, Economics, Intellectual Property, Law.

In his new book “Birdmen: The Wright Brothers, Glenn Curtis, and the Battle to Control the Skies”, Lawrence Goldstone tells the story of the feud between America´s two early air pioneers.  The interesting part of the book is not the

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Review: The Rule of Nobody

Friday, May 9th, 2014 by posted in Politics, Regulation.

In his new book The Rule of Nobody, author Philip K. Howard argues that a relentless piling up of laws and regulations has made our government inhuman, inefficient, and incapable of fulfilling its core duties of serving the public interest.


To Become Worthy of a Free Economy

Thursday, May 8th, 2014 by posted in Economics, Education, History, Philosophy.

Panel Presentation Delivered at the 18th Annual Civitas Conference – May 3, 2014 Why is it that, every single time we board an aircraft, a flight attendant says, “In case there’s a loss in cabin pressure, please secure your own

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Meet Tim Moen on May 19th!

Thursday, May 8th, 2014 by posted in Events.

*UPDATE* The event will be at Victory Cafe, at 581 Markham St, just south of Bathurst station! The event will be from 1 pm to 3 pm! Tim Moen, the Libertarian MP candidate for Fort McMurray, will be in Toronto

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The Truth in Non-Intellectuals

Wednesday, May 7th, 2014 by posted in Foreign Policy, Politics, Regulation.

According to a new poll conducted by the Wall Street Journal and NBC News, average Americans are becoming increasingly wary of Uncle Sam’s prominent role in global affairs. Almost half of those surveyed want Washington to be “less active on

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