In the wake of the financial collapse of 2007, central banks around the world run by Keynesian zealots religiously applied the formulas they had been taught would boost aggregate demand and rescue the economy from the brink of total catastrophe.
Archive for May, 2013
Russell Taylor: In Praise of People
Reprinted from Bogpaper.com The Culture, Media and Sport Select Committee recently threatened the Football Association, the Premier League and the Football League with intrusive legislation unless it becomes more ‘diverse’ and ‘inclusive’. If football clubs were embezzling fans or people
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Cloning and Temperance
The news of a breakthrough in stem cell harvesting via human cloning has rekindled the old debate over the efficacy of producing carbon copies of a person. A recent paper published by Shoukhrat Mitalipov of Oregon Health and Science University
It Isn’t Capitalism that Has Caused the Crisis!
Reprinted from http://matterhornassetmanagement.com The financial journalist Lars Schall talked for Matterhorn Asset Management with seasoned investment banker and renowned economist Prof Thorsten Polleit whether the financial system can adjust by itself, whether central banks are needed or not, and whether the
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The Age of the Entitled Employee
Today’s employees seem to think that they are owed a job. That, simply by virtue of their existence, others must be compelled to give them money regardless of the value of their labor. Case in point, the 60 year old
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‘Real’ Reinforcement for Austrian Arguments
Reprinted from Mises.org In a recent article, “The Hoover-Roosevelt Depression Revisited,” work by Cole and Ohanian was highlighted because it comes to conclusions similar to, and thus reinforces historical work previously done by Austrians or fellow travelers (especially Murray Rothbard, Robert
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Forget About Reinhard & Rogoff
Ever since a minor spreadsheet error was discovered in a 2010 study evidencing the plainly obvious fact that increased debt loads hinder economic growth, pundits from the left have been gleefully jumping over this molehill pretending it’s a mountain. Apparently
The Mayor’s Job
A lot of people have said a lot of things about Toronto Mayor Rob Ford. While Gawker is willing to pay up to $200,000 for the alleged cellphone video of Mayor Ford smoking crack, the Globe and Mail have done
Whistleblower Proection Should Be Left Up To Companies
The plight of the whistleblower can be a lonely one. They risk their job, and indeed, any future employment in order to stand up for their principles, and for that they should be commended. It is understandable, then, that we
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Club Fed: Where Fantasies Are a Way of Life
Reprinted from LewRockwell.com The Nobel prize-winning Austrian School economist F.A. Hayek titled his last book The Fatal Conceit to describe the conceit of the notion that socialist central planners could possibly possess all of the detailed knowledge that is in the minds
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Government and Collapsed Bridges
The recent collapse of a small commuter bridge in Washington has brought back memories of Minnesota. Back in August of 2007, the I-35W Mississippi bridge connecting the Downtown East and Marcy-Holmes neighborhoods plummeted to the river below like a Chinese-made
An English Class for Trolls, Professional Offence-Takers and Climate Activists
Reprinted from The Telegraph Should Michael Mann be given the electric chair for having concocted arguably the most risibly inept, misleading, cherry-picking, worthless and mendacious graph – the Hockey Stick – in the history of junk science? Should George Monbiot
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Roll Up the Red Carpet? Why Stop There?
The recent Senate scandal involving Mike Duffy’s expenses have put Stephen Harper’s government on the defensive. Harper once called the Senate, “a relic of the 19th century,” and that he would not appoint senators. Since taking power, his government has
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The Microeconomics of Inflation (or how I know this ends in tears)
A bottom-up approach to make a judgement on the gap between current valuations in the capital markets and the weak activity data releases. Republished from “A View from the Trenches“ To read this article in pdf format, click
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Learning from Mistakes
The old idiom “you can lead a horse to water, but not make him drink” has proven itself true in the course of human learning. Or rather, it would be more accurate to label it man’s inability to learn from
Two Sides of the Same Debased Coin
This article originally appeared in the January 2013 edition of The Free Market. Reprinted from Mises.org In the beginning of The General Theory, John Maynard Keynes says that his ideas will no doubt be rejected because they are so novel
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North Korea – a Fascist State?
Reprinted from Rocking Philosophy The UK TV show ‘Panorama’, part of the BBC Network’s programme schedule, aired a programme on the 15th April 2013 called Panorama: North Korea Undercover. In the programme journalist John Sweeney went undercover as a London
Next Toronto Mises Meet: May 30th!
Ah, spring: the birds are singing, the flowers blooming, and liberty is on everyone’s mind! Come on down to the Pauper’s Pub, next Thursday, May 30th for another exciting night of liberty and economics! Our featured speaker will be the
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This is What Winning Looks Like Part 1
Redmond is the director of the Ludwig von Mises Institute of Canada.
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An Austrian Indifference Curve vs. The Value Scale
From the introductory undergraduate to the advanced Ph.D. courses in economics, students are taught that the concept of the indifference curve is very useful in analyzing human choice. I am emphasizing the term useful for a reason. No one ever
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