One hundred and thirty years ago today, Â a great economist and thinker was born in Lemberg, the capital of Galicia and Lodomeria, which in 1881 was part of the Austro-Hungarian empire. We now refer to him as Ludwig von Mises,
Archive for September, 2011
What’s Really Wrong with the Healthcare Industry
Originally Posted on mises.org, Wednesday, May 26th, 2010. On May 3, 2010, I gave a talk to a class of students studying public health policy at the University of Washington. I began the talk by asking the students how many
Ray Harvey on Micheal Moore
Very good post on Micheal moore by Ray Harvey In a recent interview with CNN’s Piers Morgan, socialist documentarian Michael Moore — who, not coincidentally, made a movie called Capitalism: A Love Story — revealed Monday (September 27th, 2011) what
Why Operation Twist is inflationary
Click here to read this article in pdf format: september-27-2011 Since our last letter, we have witnessed (and perhaps are still witnessing) once more, the typical run for liquidity, when all asset classes tell us that diversification is a myth
Surprisingly candid Interview with London trader
We live in interesting times. [youtube_sc url=http://youtu.be/lqN3amj6AcE] Redmond is the director of the Ludwig von Mises Institute of Canada.
Chomsky’s Economics
Aside from Noam Chomsky’s work as a linguist, he is a great critic of US foreign policy, the corporate state, and the media establishment. There is much to criticize in these spheres and Chomsky does so prolifically. He is so
Austrian Bliss
Michael Bliss is the most sensible Canadian historian living today. But as his op-ed piece today in the Globe and Mail demonstrates , he is also a sensible economic thinker. Sounding eerily Austrian, Prof. Bliss suggests that our current economic
October meets for the Mises Institute of Canada
The next Austrian meet in Ottawa will be held on Sunday, October 2nd at 7:30pm on the first floor of the Royal Oak Pub, 221 Echo Dr. Ryan Long and I will both be attending. We hope to see you
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Chicago Mercantile Exchange hiked margins on gold, silver, and copper last Friday
To add some context to the Precious Metals correction last week, I am posting a link to the COMEX announcement Raising Margin Rates for Gold and Silver. Margin rates determine how much money someone has to pay up front in
Government
First Published in 1848 I wish some one would offer a prize for a good, simple, and intelligent definition of the word “Government.” What an immense service it would confer on society ! The Government! what is it? where is
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Why Did Gold Plummet Last Week?
The glee was palpable in the air as financial commentators pointed to gold’s 9% drop last week. The sub-text of their observations was: didn’t we tell you that gold has no inherent value and that its price has only been
Resist “Austerity”, Resist the State
Only in these sick and twisted times can one advocate raising taxes as a step to bring about government austerity. In the wacky world of sovereign debt silliness we are all socialists! I’ve commented on the Greek bailouts once before
A Twisted QE3
The Federal Reserve announced yesterday that they will engage in a policy called “the twist” - meaning they will sell some of their short-term US treasury holdings in exchange for long-term US treasuries. This is said to be neutral to
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2011 Economic Freedom Index is Out
The Cato and Fraser Institutes have just released the 2011 edition of the Economic Freedom Index. An executive summary can be linked to here. The most noteworthy finding, though not all that surprising really, is that the average level of
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September meets for the Mises Institute of Canada
The next Austrian meet in Toronto will be held on Thursday, September 29th at 7pm on the second floor of Paupers Pub, 539 Bloor St. West. We will have 2 Speakers to enlighten our attendees!Chris Horlacher of Maple Leaf Metals
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Big Business and the Rise of American Statism
Retrieved from the website of the Molinari Institute. Editors note: This piece has been edited for length. The preface has been removed. Read the full length version here. Conflicting schools of thought In historiography different schools of thought exist in
The Tendency Toward Uniform Wage Rates for Workers of the Same Degree of Ability
[Capitalism (1998)] In a free market there is a tendency toward an equalization of wage rates for workers of the same degree of ability. The basis of the tendency toward equality is the fact that men prefer to earn a
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What the Prediction Markets are Predicting
Predictions always abound, but these days they are utterly ubiquitous — Greece is going to default, the Euro is going to implode, the US is heading into recession, President Obama is going to be a one-term President. What exactly are
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The Case for a 100 Percent Gold Dollar
Preface to the 1991 edition When this essay was published, America was in the midst of the Bretton Woods system, a Keynesian international monetary system that had been foisted upon the world by the United States and British governments
