Reprinted from International Man Are things really topsy-turvy down-under? Since people in Australia are already walking upside down on the bottom of the Earth, do the laws of economics operate upside down also? Does the minimum wage in Australia lead
Archive for February, 2015
Fed Independence is a Joke, So Why Not Audit?
Reprinted from FreedomWorks A whistleblower-hating president, a bureaucrat who illegally targeted conservatives, and the former national intelligence director who lied before Congress walk into a bar. The bartender says: what can I get “the most transparent administration in history”? If
The futility of bank regulation in a repressed monetary regime
Re: The Futility of Bank Regulation Under a Monetary Regime of Financial Repression, by Jeffrey P. Snider I have admired the writing of Mr. Snider for some time now. His latest missive is long and detailed, but I was
March Mises Meet!
It’s time for the Triple M: March Mises Meet. Are you ready? Are you prepared? Because it’s happening! Join the Ludwig von Mises Institute of Canada for our monthly meet up this Tuesday, March 24, at 7 pm, at the
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The Myth of Black Swan Market Events
Reprinted from the New York Times Dealbook As André Gide, the French Nobel laureate in literature, once said, “Everything that needs to be said has already been said. But since no one was listening, everything must be said again.” Indeed,
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The Austrian Solution to Greece
Arnold Kling asks economists to fill in the blank: “Greece will achieve economic success when ____” There is an answer from the Austrian perspective, but first I want to highlight some thoughts from other prominent bloggers. Option A: Paul Krugman of
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Down and Out in the Middle-Class Economy
Reprinted the Freeman The president recently boasted of the success of his administration’s economic policies, which he calls “middle-class economics.” He describes his approach as “helping working families feel more secure in a world of constant change.” Who can blame
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The Enduring Rothschild Myth
In the world of international financial conspiracy no family name is more vilified than that of Rothschild. The name is central to countless conspiracies and today the family is assumed by certain groups to be in control of many of
The Greek deal won’t solve anything
Since the Greek deal contains absolutely zero pro-market reforms, it won’t fix anything. Raising taxes, cutting down on tax evasion and smuggling, even if successful in raising tax revenue, simply entrench government at its current and possibly higher level. The
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The Government Bundle: Would You Like War with Your Health Care?
A recent business innovation that has seen wide market acceptance is the bundling of goods and services. For example, telecommunications providers such as Bell and Rogers often bundle their phone and Internet services. Such bundling provides substantial benefits for both
My letter to the NY Times re: Why the Fed is perplexed about interest rates
Re: Fed Appears to Hesitate on Raising Interest Rates Dear Sirs: Austrian School economists are not at all perplexed about what to do with interest rates, because our understanding of economics and especially monetary policy is superior to that of
“Gold is a noble metal…”
Re: Gold coins, at bottom of sea for millennium, go on display A wonderful little report about a recent discovery of gold coins off the coast of Israel, which confirms why gold is the premier store of value since time
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How Markets Tell the Truth and Politics Tells Lies
Reprinted from the Freeman Have you ever tried to work with people you couldn’t depend on to tell you the truth? It isn’t pretty. Without the ability to rely on what you’ve been told (or the assurance that you’ve been
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On Slavery
Exactly one hundred and fifty years ago, the United States Congress passed the 13th Amendment to the Constitution. The abolishment of slavery remains one of our country’s great moral triumphs, a crowning achievement of liberal, enlightened civilization. Unfortunately it was
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Scott Sumner and the Lead Up to the Great Recession
Scott Sumner poses a question, and his answer over at Econlog: 1. What would it look like if it looked as though interest rates fell for some reason other than the Fed cutting interest rates with an expansionary monetary policy?
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The Common Sense of Progress Part 2
Reprinted from The Constitution of Liberty by F. A. Hayek via Freeman Short-term Gain: Long-term Loss Therefore, there must be two different ways of looking at the possibility of reducing inequality and abolishing poverty by deliberate redistribution—that is, from a
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The Common Sense of Progress Part 1
Reprinted from TheConstitution of Liberty by F. A. Hayek via Freeman If today in the United States or western Europe the relatively poor can have a car or a refrigerator, an airplane trip or a radio, at the cost of
A Way Forward for Greece
The current Greek crisis is exposing the elephant in the room - a worldwide problem getting progressively worse by the day. It’s a problem that has plagued developed economies for the last two centuries. A problem currently metastasized into a full-blown cancer
My letter to the Philadelphia Inquirer re: Will a new bomber bring prosperity?
Re: Will a new bomber bring boom times? on Page A8 of Sunday February 15, 2015 issue of Philadelphia Inquirer - Philly Edition Dear Sirs: Ignore for the moment whether or not the US actually needs a new stealth bomber, which is



