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The Efficient Majors Hypothesis

Thursday, September 18th, 2014 by posted in Economics.

One day a smart young graduate from the University of Chicago named Eugene barged his way into the office of the Cubs’ owner, Tom Ricketts. The following conversation ensued: EUGENE: Mr. Ricketts! You’re throwing away millions of dollars in your

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Lock Up Your Daughters

Wednesday, September 17th, 2014 by posted in Civil Liberties.

It turns out the hysterical warnings we constantly hear, telling us that our children are unsafe and the most terrifying of dangers lurks around every corner were right all along. Only instead of the danger coming from murderers or kidnappers

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The Strike to End All Strikes

Tuesday, September 16th, 2014 by posted in Economics, Education.

The teachers’ strike in British Columbia is over… almost. On Thursday, 40,000 public school teachers in the province will vote on whether to accept the proposed contract. Neither side got everything it wants, and the main headline is that teachers

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Economic Policy Treats Symptoms, Not Underlying Causes

Tuesday, September 16th, 2014 by posted in Economics.

Take a look at the breathtaking array of government policies designed to fix every conceivable problem citizens might encounter. Look at the laws governing labor unions, minimum wage laws, occupational licensure, unemployment insurance, stimulus spending; look at the endless efforts

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Property Rights as Social Justice – from John Locke’s Perspective

Tuesday, September 16th, 2014 by posted in Economics.

John Locke holds that property rights are just. This conviction is implied in his notion that justice is of nothing but the preservation of the individual’s natural rights,[1] of which property rights are an essential component. It seems clear that,

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Krugman Shucks and Jives on Minimum Wage Hike

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

In a recent Business Insider interview Paul Krugman showcased his uncanny ability to utterly mislead viewers on the state of economic science, without actually lying. Here’s a portion of the exchange (which I am typing from the verbal interview): JOE

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Secession, Decentralization, and Competition

Monday, September 15th, 2014 by posted in Politics.

As Scotland prepares to vote on whether or not to secede from the United Kingdom and become an independent country, much of the talk has revolved around specifics – which currency will be used? How will the control over the

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Europe decides to eat its capital

Monday, September 15th, 2014 by posted in Banking, Economics.

Re: The Death Spiral of Capitalism, by Martin Hutchinson We now see why the profligate countries of the European Monetary Union allowed the European Central Bank to institute a negative interest rate against reserves AND now have allowed it to buy

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September Mises Meet!

Monday, September 15th, 2014 by posted in Events.

The leaves are changing, but the excuses for war and tyranny remain the same!Join the Ludwig von Mises Institute of Canada for our monthly meet up on Tuesday September 23, at 7 pm, at the Pauper’s Pub! Enjoy food, beverage, and

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The Regret of War

Sunday, September 14th, 2014 by posted in Economics.

We all have regrets. But if you find yourself consistently ruing your past decisions, maybe it’s best to rethink your rashness. Writing in the Financial Times this weekend, Richard McGregor gives some perspective on Americans’ change of heart for wars.

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Fiat Lux

Sunday, September 14th, 2014 by posted in Philosophy, Politics.

“Naive trust in the power of words to command reality is found in all mass delusions.” This line was written by Garet Garrett in his 1922 novel and celebration of entrepreneurship, The Driver. It slips by, easily unnoticed in a

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The insanity of majority vote at the ECB

Thursday, September 11th, 2014 by posted in Banking, Economics, Politics.

From today’s Open Europe news summary: The FT reports that the ECB will press ahead with its plans to purchase Asset Backed Securities (ABS) despite both the French and German government rejecting the bank’s calls for them to provide public guarantees to

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Scotland’s goal: Out of the frying pan and into the fire!

Thursday, September 11th, 2014 by posted in Economics, Politics, Regulation, Socialism.

Re: Alex Salmond says Scotland could join the EU in 18 months Why in the world would Scotland want to jump from one socialist union to an even bigger socialist union? Independence from the UK is Scotland’s chance to become the

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Government Interest Payments

Thursday, September 11th, 2014 by posted in Economics.

It’s not just homeowners who have to worry about rising interest rates, the Federal government might soon get a taste of its own medicine. With the Fed doing all it can to stimulate inflation, increases to interest rates are taking

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Positive Methodology in Language

Wednesday, September 10th, 2014 by posted in Epistemology, Law, Philosophy.

The iconoclastic religion of scientism looks to have achieved a new victory. Reporting in The Chronicle of Higher Education, Michael Chorost informs us that neuroscientists recently uncovered how the brain reacts to language, and what it means in understanding words

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Jurgen Stark exposes ECB lawlessness

Tuesday, September 9th, 2014 by posted in Banking, Law.

From today’s Open Europe news summary: Jürgen Stark, former Chief Economist of the ECB warns in an essay in Handelsblatt that “the ECB is on its way to becoming a bad bank” citing the “enormous risks” of its recent monetary policy. He

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Richmond Fed President See Fed as the Problem

Monday, September 8th, 2014 by posted in Banking, Economics.

How large a problem is moral hazard caused by the Fed helping out troubled bank during financial crises? Pretty large, at least according to Jeffrey Lacker, President of the Federal Reserve Bank of Richmond. One argument for central bank credit

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The Fed and Mr. Krugman: The Price of Nuts

Friday, September 5th, 2014 by posted in Banking, Economics.

The pine nuts I like to sprinkle on my salads have become so precious the price jumped from an already outrageous $5.99 per 4 ounce container to $6.99 this past week. One person who is happy about this is the

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Who Will Defend the Rule of Law in Europe?

Friday, September 5th, 2014 by posted in Uncategorized.

From Open Europe news summary of September 5, 2014: ECB surprises markets with rate cut and purchases of private assets; Ruparel: Pressure rises on eurozone governments as ECB nears end of its policy tools The ECB yesterday surprised markets by

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Sin City’s Darker Twin

Thursday, September 4th, 2014 by posted in Politics.

As the camera zooms in on the dried monkey skeletons on display, a scowling vendor angrily waves it away, cursing in Mandarin. “Here, photography is not always welcome” says the narrator. This scene from The Mong Lah Connection took place

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