The following is a work of satire. A recent outbreak of measles has concerned citizens questioning how we can protect the lives of innocent children from neglectful, or even downright abusive, parents. Some have argued that vaccination should be mandatory,
Love is in the air… and so is the smell of Liberty! Join the Ludwig von Mises Institute of Canada and special guest Professor Pierre Desrochers for our monthly meet up this Tuesday, February 17, at 7 pm, at the
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This post will be an exercise in microeconomics which I hope interests and enlightens. A reader thought he had found a contradiction in Rothbard’s treatise, Man, Economy, and State, regarding how workers are paid and what happens in long-run equilibrium.
There is a very intriguing chart making the rounds on social media, showing the impressive job growth in Texas versus the rest of the United States: Here is AEI’s Mark Perry writing up the full discussion to accompany the
What is economic growth? Economists talk incessantly about it. Whether in newspapers or textbooks, the dismal science appears predicated on the idea of increasing growth. Politicians love pointing to economic growth that occurs under their watch, and shrinkage under the
I recently got into a discussion with Philipp Bagus about what the real market test for fractional-reserve banking would be. One potential market test to at least test for the potential viability of the banking model would be to see
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Long-time Mises Canada readers know that I have devoted several posts to a critique of Thomas Piketty’s 2014 bestseller, Capital in the Twenty-First Century. For example, here I talk about the poverty of Piketty’s capital & interest theory, and here
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The New York Times can be forgiven for blaming the empty shelves in Caracas to the plunge in oil. However, a raging hyperinflation cleared the cupboards before the price of oil was cut in half. William Neuman’s front page story
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Recently the Swiss National Bank (SNB) dropped the peg it had established in September 2011, holding the Swiss franc at 1.2 to the euro. Unlike the pegs of weaker, less trustworthy monetary authorities, the aim of the Swiss policy was
As per my thougths on “the logical end of Keynesianism is just handing people money”, this article is republished from zerohedge With NIRP raging in the Eurozone and over €1.5 trillion in European government bonds trading with negative yields, many
Re: CAT CEO says strong dollar bad for US economy Here come US exporters, right on schedule, complaining that a strong national currency is bad for them and for the US economy. Not so. When a nation debases its currency
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Re: George Will on the mushrooming welfare state Columnist George Will puts recent research into the adverse consequences of the welfare state into words that we all can understand. However, I do not think that he gets to the heart of
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The Fed’s balance sheet now foots to nearly $4.5 trillion, a great leap from early July 2008, when its total assets were less than $900 billion. Interest rates have been held just above zero since then as well, all in
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This weekend, I had the pleasure to be a guest on the radio program Financial Myth Busting with Dawn J. Bennett. We discussed the inability or unwillingness of politicians and economists alike to learn from past mistakes, and the consequences
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Re: Stimulus for Eurozone, but it may be too little or too late Dear Sirs: Your analysis of the likely effect of the European Central Bank’s proposed massive quantitative easing program is full of economic fallacies that, unfortunately, masquerade as
The hills are alive with the panic of central bankers. First there was the fallout from the Swiss National Bank’s decision to unshackle the Franc from the Euro. Then, how much Q Mario Draghi put with his E. It turns
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Re: Dollar rise puts Fed under pressure I predict that the Fed will start charging negative interest rates on bank reserve accounts, which will ripple through the markets and result in negative interest rates on savings at banks. I make
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I’ve seen some pretty crazy things from the Facebook page “U.S. Uncut,” but recently I saw their reprint of some “facts” from Thom Hartmann that had more than 60,000 shares. This particular billboard was so absurd that I felt compelled
Reprinted from the Press and Journal The recent shooting at the French satirical magazine Charlie Hebdo by Islamic extremists has reignited the debate on how to handle the threat of terrorism. The renewed talk is understandable. As horror extraordinaire H.P. Lovecraft
Mises is headed to Vancouver this weekend to attend the Vancouver Resource Investment Conference! Come join us and your fellow Austrians for an evening of stimulating discourse and spectacular views of Stanley Park, Lions Gate Bridge, Coal Harbour and the
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