This Forbes magazine piece by Bill Frezza is as close as one gets to a performance worthy of Jonathan Swift in the present-day economics discourse. Here is a taste of Frezza’s satire of Krugman’s response to Hurricane Irene: … the
Archive for August, 2011
The Chimera of Contracyclical Policies
Excerpted from Human Action: The Scholars Edition An essential element of the “unorthodox†doctrines, advanced both by all socialists and by all interventionists, is that the recurrence of depressions is a phenomenon inherent in the very operation, of the market
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“Rich Dad” Leading You to the Poor House
I had the pleasure of attending Rich Dad’s “Learn to be Rich” conference yesterday. It was free, so I thought “What the hell, what else am I going to do on a Thursday night?” Now I should preface this article
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Business Under German Inflation
The Losses from the German Inflation Far Exceeded Any Gains Originally Published in the Freeman - November 2003 • Volume: 53 • Issue: 10 Paper money inflation and credit expansion never fall upon a people like an act of God.
Is Gold Going to Correct or Skyrocket?
As an Austrian, I’m a huge fan of having a good bit of gold in my long-term investing portfolio. It’s served me well in the last few years, and has helped me beat the market while the market either stayed
Government Grants Make Art Worse
Originally posted at Huffington Post Canada There are many Canadian books and albums that no one is ever likely to buy. Unfortunately — whether you like it or not — you’ve already paid for them. While the world lauds Margaret
Postmodernism: The Destruction Of Thought
Originally posted on http://rayharvey.org/ Postmodernism, in all its vicious variations, is a term devoid of any real content, and for this reason dictionaries and philosophy dictionaries offer very little help in defining it. And yet postmodernism has today become almost
Bastiat Eyes a Fundamental Contradiction
A hat tip to Don Boudreaux at Cafe Hayek, who came across this quote from Frederic Bastiat, the 19th century French political economist and classical liberal thinker: This is simply absurd. Do you seriously have such faith in human wisdom
The Real Global Warming Consensus (or ‘Why Intellectuals Hate Capitalism’)
Originally posted on http://www.martindurkin.com/ On the television news they set up their annual ‘Climate Camp’ in London. The militant global warmers plant their tents on Blackheath and prepare to march on the City of London, to smash up some banks
A View from the Trenches
Please, click here to read this article in pdf format: august-19-2011 In light of the events yesterday, which in our view were mainly driven by fears of US dollar funding problems in the Eurozone banks, we thought it would
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Privatize the CBC? They can’t even do a proper cost-benefit analysis
The Globe and Mail commented today that the CBC published a consultant’s report showing that the broadcaster “has a $3.7 billion economic impact every year, while a privatized version without the parliamentary grant would produce only $1.1 billion in economic
Repeal Section 14 of the Canada Post Corporation Act
It’s not every day that a front porch is pictured on the front page of a national newspaper. But that’s what the National Post highlights today as part of an article by William Watson, a free market inclined economist at
40 Years of Fiat Currency – Is Gold as ‘Cheap’ as it was in 1971?
Originally Published on http://greshams-law.com/ Monday was the 40th anniversary of the irredeemable fiat dollar. Unlike the preceding 39 anniversaries, this one was actually noticed! Here, I present several charts that show the changes to the Fed’s balance sheet since 1971.
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Enseigner le gouvernement aux enfants
Les enfants sont des êtres curieux. À chaque jour, ils veulent connaître quelque chose de nouveau. Il se pourrait même qu’ils vous questionnent sur le gouvernement. Si cela arrive, plutôt que de vous fier aux contes de fées genre La
A Gold Buffer
Among the various remedies put forward to deal with the Euro sovereign debt crisis — restructuring, Greek and/or Portuguese exit from the Euro, the issuance of European backed bonds — one that has been barely mentioned is the sale of
A Second Look at the CMHC
The CMHC guarantee is a direct and unconditional obligation of CMHC as an agent of Canada. It carries the full faith and credit of Canada, and constitutes a direct and unconditional obligation of and by the Government of Canada.[ref]http://www.cmhc.ca/en/corp/about/anrecopl/upload/2010AR_EN.pdf[/ref] If
Krugman Jumps the Shark
Paul Krugman is now calling for “Space Aliens” to attack in order to “fix” the economy. [youtube_sc url=http://www.youtube.com/watch?v=NtdnZnizh6U] Probably spent the weekend watching Independence day [youtube_sc url=http://www.youtube.com/watch?v=z3qu-sCei3U] Doesn’t he understand the Broken window fallacy? War doesn’t
The Source of Profits in the Business of Financial Speculation
There is scarcely an endeavor awash with more debate, allure, dogma and contempt than the business of financial speculation. The entire investment community is often derided as ‘just a bunch of gamblers’, the most successful speculators are often dismissed as
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