“Delanda est in Susidium Foederatum Bank” (The Federal Reserve Bank Must be Destroyed) During the years of the Roman Republic, Cato the Elder ended every speech with the phrase “Delanda est Carthago” (Carthage must be destroyed). Rome had fought two
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My letter to the NY Times re: False love affair with inflation
Re: Asia Rushes to Lower Rates, But Maybe Not Fast Enough by Neil Gough Dear Sirs: In the first two short paragraphs of his article Mr. Gough reveals the premise upon which his title depends. Since his premise is faulty, the
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World’s Oldest Central Bank Asks Paul Krugman To Shut Up
Reported from Zero Hedge About a year ago, everyone’s favorite easy money advocate Paul Krugman accused the world’s oldest central bank of turning Sweden into Japan by adopting a policy of “sadomonetarism.” The Riksbank, Krugman claimed, unnecessarily transformed itself from
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Conservatism Against Rolling Back the State
American historian Robert Conquest is getting up there in years. The Hoover Institution fellow is just three years shy of the big 1-O-O. Despite having received the Presidential Medal of Freedom (and various other awards from different countries), few people
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Who Will Regulate the Bank Regulators?
A fascinating report by Finn Poschmann from the C.D. Howe Institute discusses the history of bank regulation in the U.S., Canada, and U.K. It explains the movement away from shareholder liability in banks, towards the current system where taxpayers are ultimately on
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My letter to the NY Times re: Currency debasement destroys capital
Re: Delight or Dread as Euro Falls Dear Sirs, Of all the economic fallacies perpetrated on the public by so-called “macro economists”, recommending currency debasement as the path to economic recovery and permanent prosperity may well be the most destructive.
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Upcoming Toronto Bitcoin Event
For our Toronto readers, Tuesday March 17 at the MaRS Discovery District will be the first ever Decentralized Technology (DEC_TECH) event. Learn more here: http://www.meetup.com/DEC_TECH/events/220935201/?a=me1_grp&rv=me1&_af_eid=220935201&_af=event From the event description: DEC_TECH events will bring the Toronto community together to learn and discuss the growing space of
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A good lesson from Greece in the difference between private and public finance
From today’s Open Europe news summary (my emphasis): Greece to start technical talks with creditors tomorrow amid criticism that too much time is being wasted Eurozone finance ministers agreed yesterday that officials from the Greek government and the EU/IMF/ECB Troika
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In Further Defense of Political Dynasty
When the chatter heads in Washington are uptight about something, you can usually bet it’s good. The recent brouhaha amongst the political class was sparked by a Washington Post column trollishly titled “In Defense of Political Dynasties.” Written by George
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The Threat to the Dollar as the World’s Primary Reserve Currency
(Following is the text of a speech given today at Drake University at the annual convention of the Iowa Association of Political Scientists.) The Threat to the Dollar as the World’s Premier Reserve Currency …but does it really matter?
Since When Is Honduras a Libertarian Paradise?!
It’s probably a good sign that the attacks on libertarianism are getting even more ridiculous. A recent Salon piece by Edwin Lyngar claims that his recent trip to Honduras proves that the principles espoused by people like Ayn Rand and
My letter to the NY Times re: Japan’s Solar Mandates Lack Free Market Coordinating Function
Re: Japan’s Growth in Solar Power Falters as Utilities Balk Dear Sirs: One of the prime reasons for the failure of Japan’s solar power initiatives is the government’s ignorance of the coordinating function of the the free market. The article
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Does Walmart Prove Minimum Wage Laws Will Help Workers?
In a recent column Paul Krugman has one of the most curious arguments supporting the minimum wage that I’ve ever seen from a professional economist: A few days ago Walmart, America’s largest employer, announced that it will raise wages for half
My letter to the NY Times re: Keynesian macro economists are confused
Re: Saving Big on Energy Bills, People Take It to the Bank, by Nelson D. Schwartz Dear Sirs: Keynesian school macro economists may be scratching their heads that the spending numbers that they hold so dear are not increasing, but
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First Call for Papers for ICPM 2015!
The Mises Institute of Canada, along with its scholarly publication the Journal of Prices and Markets (http://pricesandmarkets.org/), is hosting the 4th annual International Conference of Prices and Markets is being held November 6th-7th 2015 in Toronto, Ontario! Consider this announcement
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Water Rights and Chinatown
Does a warning mean anything if nobody listens? With the precarious case of Lake Mead, doomsayers never seem to break the surface. For years, reports of the lake’s declining levels have popped up in the news. Yet residents of the
Paul Krugman Is the Brian Williams of Economics Bloggers
Paul Krugman knows a lot of economic theory and is a very clever writer, but you should never ever trust him to recount tales of battles between Keynesians and other schools of thought. His misrememberings in this realm are so
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Retirement at the End of a Rope
“They were people with great dignity,” Ivo Costamagna said of his neighbors who committed suicide in 2013. Romeo Dionisi, 62, and Anna Maria Sopranzi, 68, hanged themselves after Ms. Sopranzi’s pension evaporated. “People like Romeo would not accept charity or
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Check out John O’Donnell on Mises Weekends
Make sure you check out investor John O’Donnell discuss applied Austrian economics and his history with Murray Rothbard on the latest Mises Weekends podcast show. You can listen here.
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