An anonymous blogger thinks they found a contradiction: I noticed a contradiction: the Austrian School advocates against price fixing and economic planning, and the Austrian School advocates a gold standard, which can be seen as a way of fixing the
Archive for December, 2011
Entrepreneurship and a Few Secrets
When discussing the process of the market, Austrian economists often emphasize the importance of entrepreneurship and why it aids in the allocation of scarce resources. In Man, Economy, and State, Murray Rothbard wrote this in regard to entrepreneurs: The essence
Comments are off for this post
The Dangers of Monetary Reform
Austrians have long called for a reform of the monetary system. The current, Fed-driven, fiat-money system is on the verge of collapse. But however bad the current system is, a new system won’t necessarily be better. Many libertarians would favor
Desktop Manufacturing, the Next Industrial Revolution?
Watch this fascinating video. 3D Printers have already been created and there exist online communities devoted to expanding and growing the technology. The decentralized nature of it all seems like it might not be something the state could easily get its hands
Austrian Economics and Other Heterodoxical Schools
The Economist is out with a new piece highlighting a few schools of economic thought that are putting pressure on what has been considered the conventional view among the profession over the past few decades. Entitled, “Heterodox Economics: Marginal Revolutionaries,’
Comments are off for this post
The Myth of Single-Tier Medicine in Canada
[Originally Published September 16th, 2011, on www.williamgairdner.com] Politicians know there is a vast pool of latent citizen-envy lurking in the bosom of every nation, and that it is easily aroused with bogus equality talk. Just so, an unreflective Canadian public
Defending Kim Kardashian
Yup, you read that title correctly. Unlike the majority of us who live relatively boring lives, Ms. Kardashian has made a career out of selling the public an up close and personal view of her own private affairs. This recently
Comments are off for this post
The “Sustainable Development” Scam
While perusing back issues of “The Free Market” I happened upon this little gem - we are of course approaching the 20th anniversary of the Rio Summit that launched the real push for the management of the global economy through
Comments are off for this post
Regulating Towards Depression
[The Cobden Centre, 22 November 2011] [Engineering the Financial Crisis • by Jeffrey Friedman and Wladimir Kraus • University of Pennsylvania Press, 2011] There has been a good deal of books attempting to find and explain the causes of the
Comments are off for this post
Jim Rogers and Marc Faber 2012 Predictions
Often the only two Austrian-minded investors with a clue, both Rogers and Faber see the same things coming in 2012: more government spending, more debt accumulation, another economic downturn, and, of course, more money printing. [youtube_sc url=http://www.youtube.com/watch?v=rj8iisalRq8] Examiner.com: Australia Financial
Comments are off for this post
Chomsky’s Augustinian Anarchism
Noam Chomsky is perhaps the United States’ best-known anarchist. There’s a certain irony to this, however; for just as St. Augustine once prayed, “Grant me chastity and continence, but not yet,†Chomsky’s aim is in effect anarchy, but not yet.
Comments are off for this post
CDIC - there for you :-)
I was doing some online banking and happened to notice that my deposits were insured by the CDIC - I clicked through and came upon this information - quite interesting that Canada only enacted deposit insurance in 1967, just before
Alasdair Macleod on the future price of gold
Alasdair Macleod blogging at The Cobden Centre and GoldMoney.com has two great pieces on the coming Hyperbolic price of Gold. Are we entering the endgame of global fiat currency? Gold price set for hyperbolic increase By Alasdair Macleod, on 26
Comments are off for this post
Fed Protecting U.S. From Europe?
At least that is what economist Tyler Cowen argues in his recent New York Times column. Due to the unprecedented increase in excess reserves held by banks, Cowen claims that the Federal Reserve has provided a nice cushion for threat
Comments are off for this post
Did Repealing Glass-Steagal Really Matter?
More than three years have passed since the financial crisis hit the United States like a speeding semi-trailer hits a Mini Cooper. Economic growth remains depressed while the unemployment rate stays elevated above 8% despite massive government spending and monetary
Jury Refuses to Hear Marijuana Possession Case
A small piece of something beautiful. [youtube_sc url=http://www.youtube.com/watch?v=_JLvzHo3fbk] Mark enjoys studying history, libertarianism, and spending time outdoors. He would love to be able to travel and spend time with good people. He welcomes all comments, criticisms, and questions.
Comments are off for this post
Ebenezer Scrooge the Philanthropist
Much to the joy of wealth redistribution types, it turns out that the real life individual who inspired Charles Dickens’ famous character Ebenezer Scrooge was actually related to renowned free market economist Adam Smith. From The Scotsman (ht Alex Tabarrok):
Comments are off for this post
Interest Rates in a Gold Coin Standard
Republished from lewrockwell.com Americans [and Canadians. ed.] are living in a world of central bank profligacy. This has been true ever since 1914, when the Federal Reserve System opened for business. But the most recent bank-created economic crisis, which began
