Mises Canada

Mises Canada

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  • Hayek on Fake News

    Reprinted from Mises.org “Fake news” emerged as a dominant theme of the 2016 US presidential election campaign and has been in the public eye ever since. To now-president Trump, the term refers to CNN, the New York Times, and other outlets that portray him unfavorably; to Democrats, it means politically incorrect websites, blogs, and social media accounts. […]

Mises Canada

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  • Housing Bubble Consequences: Mega-Malls In the Middle of Nowhere

    Tsawwassen is an out of the way community that, if wasn’t for the BC Ferry terminal, very few would know about let alone pronounce correctly. But as the country accumulates $2 trillion worth of consumer debt, a majority in mortgages, the spill-over effects into the economy has meant building out where people otherwise wouldn’t build, […]

Mises Canada

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  • James Grant Explains How A Crash In 1921 ‘Cured Itself’

    Reprinted from Forbes.com James Grant’s The Forgotten Depression (2014) is a splendid account of an important period in U.S. economic history — the sharp but brief “depression” of 1921 — that is easily overshadowed by the Great Depression a few years later. It seemed to be, as Grant’s subtitle says: “The crash that cured itself.” […]

Mises Canada

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  • How to Provide Universal Health Care Using This One Easy Trick

    Reprinted from Breitbart.com The first sentence of Congress’ Obamacare repeal should read: “There shall be a free market in health insurance.” Right there, I’ve solved the health insurance crisis for 90 percent of Americans. Unfortunately, no one can imagine what a free market in health care looks like because we haven’t had one for nearly […]

Mises Canada

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  • The Stench Inside The Fed

    Reprinted from LewRockwell.com The Trump rally has stocks at all-time highs. The VIX (which reflects the volatility of the S&P 500) is at 10-year lows. The headline unemployment rate is 4.8%. Everything must be A-OK in the U.S of A. Head Keynesian Janet Yellen, the Fed’s Chair, may be sleeping soundly, as she and her […]

Mises Canada

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  • Canada Flagged for Recession by BIS

    As if Canadians needed more proof that the country’s real estate is in a bubble, and that this misallocation has spread to other sectors of the economy, the Bank of International Settlements released its latest quarterly confirming what any critical observer can see: binging on debt is rarely a good idea. Canada’s debt-to-GDP gap is […]

Mises Canada

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  • Review of “Money, Markets and Democracy”

    I have often pondered, “What impact do democracy’s faults have on our financial markets?”  My mind would scatter to and from various causes, effects and observations in a disorganized manner without a systematic methodology to permit a rational conclusion.  George Bragues book, “Money, Markets and Democracy:  Politically Skewed Financial Markets and How to Fix Them” […]

Mises Canada

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  • Harry Truman: Advancing the Revolution

    [Excerpted from “Harry S. Truman: Advancing the Revolution,” in Reassessing the Presidency: The Rise of the Executive State and the Decline of Freedom] Reprinted from Mises.org A “Near-Great”? When Harry Truman left office in January 1953, he was intensely unpopular, even widely despised. Many of his most cherished schemes, from national health insurance (socialized medicine) […]

Mises Canada

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Generated 1 week ago

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  • The March

    [This article is excerpted from American Affairs, Volume XII, Number 2 (April 1950).] Reprinted from Mises.org NOW from the housetops may be heard voices of fear and warning, saying to the people, “Beware! You are marching toward Socialism. The declivity is there!” The people scoff or stop their ears, and the march continues. Then the […]

  • Hayek’s Plan for Private Money

    Reprinted from Mises.org The most famous Austrian economist is 1974 Nobel laureate Friedrich Hayek. Because of his moderate views excusing State interventions in various circumstances, hardcore Rothbardians tend to regard Hayek as less-than-pure in many areas. However, one area where Hayek is certainly more radical (though perhaps not correct!) than even Murray Rothbard is monetary […]

  • Commodity Money in Colonial America

    Reprinted from LewRockwell.com As an outpost of Great Britain, colonial America of course used British pounds, pence, and shillings as its money. Great Britain was officially on a silver standard, with the shilling defined as equal to 86 pure Troy grains of silver, and with silver as so-defined legal tender for all debts (that is, […]

  • What Is Laissez-Faire?

    Reprinted from FEE.org The pronunciation in English is lay-say-fair. Its French origins date back to the late Renaissance. As the story goes, it was first used about the year 1680, a time when the nation-state was on the rise throughout Europe. The French finance minister, Jean-Baptiste Colbert, asked a merchant named M. Le Gendre what […]

  • A Correction To Commenter Matt Damon

    Dear Mr. Damon (I like you: can I call you Matt? You’ll never read this anyway, so I’ll call you by your first name). So, dear Matt, The cause of liberty needs people with your spirit. However, I’m sorry, but your recent defense of liberty and independence is so much inconsistent that it weakens that […]

Mises Canada

Category: Content
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Generated 3 weeks ago

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  • The Free-Market Economics of the Late Scholastics

    [This review originally appeared in the Journal of Libertarian Studies, 19.4 (Fall 2005), pp. 97–101. Reprinted from Mises.org] Since the mid-20th century, historians of economic thought have directed more and more attention to the contributions and influence of the Late Scholastics — Catholic theologians, often Spanish, of the 16th and 17th centuries. In his History […]

  • A Rejoinder to Brad DeLong

    Reprinted from Mises.org In his dismissive response to my recent Freeman article (“Mainstream Macro in an Austrian Nutshell,” May 2009), Brad DeLong provides some arithmetic that supposedly weighs against the Austrian theory of the business cycle as a plausible basis for understanding the current recession. He argues that the estimated $2 trillion worth of housing […]

  • Thinkers Who Challenged the State

    Reprinted from Mises.org I’m glad to see so many people here who are open-minded to the notion of society without the state. Unfortunately, some people aren’t like you. These people will read about how bad the government is and may come to the conclusion that the government should be limited. But they reject out of […]

  • Break Up the USA

    Reprinted from LewRockwell.com Some of our assumptions are so deeply embedded that we cannot perceive them ourselves. Case in point: everyone takes for granted that it’s normal for a country of 320 million to be dictated to by a single central authority. The only debate we’re permitted to have is who should be selected to […]

  • Forget Conservatism: Embrace being a Genetic Freedom Mutant

    A frustrated Roger Toutant, writing for mises.ca, believes libertarians should quit fighting for social freedoms and throw in with the conservatives.  Toutant claims “Libertarianism is, at its core, a fiscally and socially conservative movement.” He then goes on to say “as far as I can tell,” most libertarians are conservative, so, enough with embracing gays, […]

  • Embracing the Right: Expanding Libertarianism Beyond the 1% Club

    If you ask a Libertarian what it means to be a Libertarian, he will likely reply that it means being fiscally conservative and socially liberal.  There is little question that “fiscal conservatism” is appropriate to the Libertarian movement.  Fiscal conservatism requires that a government impose low taxes and that it be prudent with how those […]

Mises Canada

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Generated 3 weeks ago

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  • The Obstacle Mistaken for the Cause

    [Included in The Bastiat Collection (2011), this article appeared in Economic Sophisms (1845).] Reprinted from Mises.org The obstacle mistaken for the cause — scarcity mistaken for abundance — this is the same fallacy under another aspect; and it is well to study it in all its phases. Man is originally destitute of everything. Between this […]

  • A Sensible Economic and Foreign Policy: Part II

    Part II:   A Sensible Foreign Policy: Mind Your Own Business and Set a Good Example   For the sake of peace and prosperity in the world, the US should take the true leadership role in proving to the world that free trade and non-interventionism are all that is required. In other words, all nations […]

  • A Sensible Economic and Foreign Policy: Part I

    Part I: A Sensible Economic Policy: Laissez Faire   The Misesean insight that all economics is based upon methodological individualism plus the no harm principle calls into question the raison d’ entre of the regulatory state, including legal tender laws; i.e., the mandatory and exclusive use of state produced and controlled money within the sovereign […]

  • Some Additional Reflections on the Economic Crisis and the Theory of the Cycle

    Reprinted from Mises.org The three years that have passed since the world financial crisis and subsequent economic recession hit have provided Austrian economists with a golden opportunity to popularize their theory of the economic cycle and their dynamic analysis of social conditions. In my own case, I could never have imagined at the beginning of […]

  • No Treason, no. 1

    [No Treason, no. 1, was first printed in 1867, just after the American Civil War. Reprinted from Mises.org] The question of treason is distinct from that of slavery, and it is the same that it would have been if free states, instead of slave states, had seceded. On the part of the North, the war […]

  • The Economic Consequences of Cheap Money

    [From a memorandum, dated April 24, 1946, prepared in English by Professor Mises for a committee of businessmen for whom he served as a consultant, this article appears in The Causes of the Economic Crisis, and Other Essays Before and After the Great Depression (2006) as chapter 5, “The Trade Cycle and Credit Expansion: The […]

  • In Trump’s Alphabet, “F” Is for Protectionism

    Reprinted from FEE.org The President wants to put another “F” in NAFTA. The morning he met with American motorcycle maker Harley-Davidson, Mr. Trump said, as the cameras rolled, “I want to change it. And maybe we do it – maybe we do a new NAFTA and we put an extra “F” in the term NAFTA. […]

  • Bill Belichick: Entrepreneur

    Reprinted from Mises.org With last night’s incredible win over the Atlanta Falcons, Bill Belichick won an NFL-record fifth Super Bowl as a head coach. This feat is made all the more incredible by the era in which he won it, with a salary cap and various other mechanisms put in place to make it harder […]

  • Rothbard on Self-Defense and War

    Reprinted from Mises.org Recently the classical liberal legal scholar Richard Epstein criticized “hard-core libertarians.” These extremists want to keep out of “foreign entanglements.” If, as the extremists propose, we act only when there is a direct threat to the United States, “it may be too late.” We should strike immediately against the “forces of death […]

  • The Economics of World Government

    [Transcript of a speech delivered at the 2009 Mises University. Reprinted from Mises.org] At the beginning, I want to repeat a few points that I have made in my previous lecture on law and economics, and then I want to get to an entirely different subject than the one that I dealt with in that […]

Mises Canada

Category: Content
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Generated 1 month ago

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  • Explaining boardroom mega-bucks

    The basic pay of most employees is governed by industrial and professional norms, and is relatively stable over time when so-called “inflation” adjustments are factored in. Almost unbelievably, today’s average hourly wage has the same buying power as it did 45 years ago! By contrast, executive remuneration in the largest companies is determined far more […]

  • Trump on Time

    In investment circles the magazine-cover indicator, created by the late Paul Macrae Montgomery, is a contrary indicator essentially telling investors when an investment theme or fad has reached its peak. It’s similar to the skyscraper index that Mark Thornton of the Mises Institute writes about often and effectively.  “Building booms—especially in the context of big […]

  • How to Think Like an Economist

    This article is excerpted from The Logic of Action One: Method, Money, and the Austrian School (Cheltenham, UK: Edward Elgar, 1997), pp. 58–77. Reprinted from Mises.org. Praxeology is the distinctive methodology of the Austrian School. The term was first applied to the Austrian method by Ludwig von Mises, who was not only the major architect […]

  • How Government Inaction Ended the Depression of 1921

    Reprinted from Mises.org As the financial crisis of 2008 took shape, the policy recommendations were not slow in coming: why, economic stability and American prosperity demand fiscal and monetary stimulus to jump-start the sick economy back to life. And so we got fiscal stimulus, as well as a program of monetary expansion without precedent in […]

  • The Snare of Government Subsidies

    Reprinted from Mises.org In 1977, Lew Rockwell was the editor of Private Practice, a journal of medical economics. That year, he put together three teams of speakers to present evening seminars for physicians in three dozen cities. The teams made the case against tax-funded medicine. On each team was a physician from Canada, one from […]

  • Who Was the Founding Father of the Fourth Amendment?

    Reprinted from FEE.org February 5 marks the birth of the American who had the greatest hand in what became the 4th Amendment’s prohibition of unreasonable searches and seizures – James Otis. Unfortunately, “one of the most passionate and effective protectors of American rights” is too-little remembered today. Otis’ efforts applied the celebrated English maxim, “Every […]

Mises Canada

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Generated 1 month ago

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  • The Socialism of Mr. Shaw

    [A review of George Bernard Shaw, Everybody’s Political What’s What? (New York: Dodd, Mead & Co., 1944), Economic Council Review of Books, Volume II, no. 6, February 1945, published in New York by the National Economic Council. Reprinted from Mises.org] There is nowadays a tendency to regard Mr. George Bernard Shaw as somewhat a back […]

  • A Tribute to F.A. von Hayek

    Originally published in Appendix Two from Margit von Mises, My Years with Ludwig von Mises; pages 213 – 216. Reprinted from Mises.org I am sorry that a combination of causes – geography, my busy schedule and no less my age – make it impossible for me to attend this gathering. If I were able to […]

  • First in Line for New Money

    Reprinted from Mises.org The world of high finance was still in full flight in February 2007. The cracks in the mortgage market had not yet begun to show and Stephen Schwarzman’s Blackstone Group had just completed its $39 billion purchase of Equity Office Properties in what was the largest leveraged buyout ever. There was plenty […]

  • Theresa May leads the singing of Kumbaya in Davos

      (Here’s my response to British Prime Minister Theresa May’s speech at the recent World Economic Forum in Davos, Switzerland. Find the full text of her speech below my comments.) Oh, boy…where to start?… If May wants to promote free trade and globalization, then why not just declare unilateral free trade for Britain and forget about […]

  • Why NAFTA Isn’t Free Trade

    On many occasions, United States President Donald Trump has expressed skepticism about several international trade deals, including North American Free Trade Agreement (NAFTA).  Last week Wilbur Ross, chosen by President Trump to reshape U.S. trade policy informed the Canadian federal government that rules of origin and independent dispute tribunals will be central to talks aimed […]

  • How David Ricardo Became Wealthy and Wise

    Reprinted from FEE.org David Ricardo (1772-1823) was one of the most influential economic theorists of the first half of the nineteenth century. Born in London, England, his father’s family were orthodox Jews originally from Portugal who had moved to England from Holland. His father was a highly successful stockbroker. David Ricardo learned the family business, […]

  • Why Did Leon Trotsky Favor Eugenics?

    Reprinted from FEE.org The unending process of getting history online has produced vast revelations. The latest discovery to amaze me is an article by Russian communist Leon Trotsky from 1934, as printed in the publication Liberty: “If America Should Go Communist.” Trotsky, beloved then and now as the Menshevik and later Bolshevik leader, wrote this […]

  • Life, Liberty, and …

    [This article originally appeared in Scribner’s in March 1935; it is now the introduction to Our Enemy, The State. Reprinted from Mises.org] For almost a full century before the Revolution of 1776, the classic enumeration of human rights was “life, liberty, and property.” The American Whigs took over this formula from the English Whigs, who […]

  • The Essential Problems of Human Existence

    [This article is excerpted from chapter 39 of Human Action: The Scholar’s Edition. Reprinted from Mises.org] 1. Science and Life It is customary to find fault with modern science because it abstains from expressing judgments of value. Living and acting man, we are told, has no use for Wertfreiheit; he needs to know what he should […]

  • The Problem with Taxing Netflix

    According to Dean Beeby, a reporter with CBC news, the federal government in Canada is contemplating the implementation and enforcement of sales taxes on foreign digital vendors such as Netflix.  I am not a Netflix subscriber, but many are.  The company generated revenues of US$6.8 billion in 2015 satisfying more than 86 million customers of […]

  • The Dirty Secrets of Socialism

    Reprinted from LewRockwell.com Parents of college-age children are finally catching on to the cultural Marxist PC scam.  Cries of “insensitivity” every time a conservative or libertarian speaker appears anywhere near a college campus; “safe rooms” equipped with play dough, soft music, and videos of frolicking puppies; the endless accusations of “racist/sexist/homophobe” aimed at all non-leftists [...

  • The Ethics of Entrepreneurship and Profit

    Reprinted from Mises.org In the most fundamental sense we are all, with each of our actions, always and invariably profit-seeking entrepreneurs. Whenever we act, we employ some physical means (things valued as goods) — at a minimum our body and its standing room, but in most cases also various other, “external” things — so as […]

  • Hitler’s Economics

    Reprinted from LewRockwell.com For today’s generation, Hitler is the most hated man in history, and his regime the archetype of political evil. This view does not extend to his economic policies, however. Far from it. They are embraced by governments all around the world. The Glenview State Bank of Chicago, for example, recently praised Hitler’s […]

  • What is Poverty?

    Reprinted from City Journal What do we mean by poverty? Not what Dickens or Blake or Mayhew meant. Today, no one seriously expects to go hungry in England or to live without running water or medical care or even TV. Poverty has been redefined in industrial countries, so that anyone at the lower end of […]

  • RIP Ralph Raico

    Ralph Raico died on Dec. 13, 2016. I first met Ralph Raico in 1952, when we were both 15 years old and students at The Bronx High School of Science. The occasion was the school’s mock political convention for that presidential election year. I was the speaker for Sen. Robert Taft, the most prominent conservative […]

Mises Canada

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Generated 5 months ago

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  • Are Silicon Valley’s Chaos Makers Smart or Insane?

    Reprinted from FEE.org To the uninitiated, Silicon Valley’s products keep coming and improving. It’s as if the congregation of tech brainpower is incapable of making a mistake. Everything they make turns to gold it seems. Actually, that’s an illusion. Entrepreneurs pitch an endless stream of Ideas. Everyone argues over which can work. A few attract […]

  • Grateful Remembrances of My Government High Schooling

    Reprinted from the Independent Institute I do not speak Spanish fluently. Indeed, I am often at a loss for the right words, not to mention a proper conjugation of the verbs, and I frequently fail to understand what people say to me. Yet all in all, I am astonished that, living in a part of […]

  • The Recent Corruptions of the English Language

    Reprinted from International Man Let’s discuss words. Many of the words you hear, especially on television and other media, are confused, conflated, or completely misused. Many recent changes in the way words are used are corrupting the language. The corruption of language is adding to the corruption of civilization itself. Words are extremely important because […]

  • The Significance of Mises’s Socialism

    Reprinted from FEE.org That Ludwig von Mises was one of the greatest economists of the 20th century should never be doubted. Mises never worked in scientific or popular obscurity despite the various mythologies that are told on both left and right. Prior to World War I, Mises had established himself as a leading economic theorist […]

  • Mises’s Treatise on Socialism that Keeps on Giving

    Reprinted from FEE.org Ludwig von Mises’s Socialism (1922) is a legendary classic, but sometimes that can be the worst possible fate to befall a work. It’s a tragic thing when a great work becomes a symbol or a slogan, rather than something people really study and learn from. Based on an informal poll I’ve taken […]

Mises Canada

Category: Content
Type: Blog Article

Generated 6 months ago

New blog articles detected

  • Trump is Wrong on Trade

    Trumps claims (see here) that America has lost high paying manufacturing jobs to China because the communist country promotes its exports through subsidies, tax advantages and currency manipulations. The reality is that we should not care what China does. The more China subsidizes its industries, the more its trading partners gain in the abundance of […]

  • Let’s make oil our friend, not our enemy. It is Earth’s precious gift

    There cannot be shortage of a good if entrepreneurs figure out how to maximize its use. There cannot be redistribution of a good, only an expansion of it, using entrepreneurial creative processes of the mind, heart and a commitment to fulfilling humans’ needs. Redistribution only creates poverty whereas entrepreneurship creates wealth for everyone. To put […]

  • Keynes: The Crackpot Economist of ZIRP

    Reprinted from GaryNorth.com John Maynard Keynes was a crackpot. So are his followers. All of them. I can hear the shocked response. “But, Dr. North, you’re not supposed to say such things. It’s not polite. It shows a lack of etiquette. People who say such things are themselves dismissed as crackpots.” To which I respond: […]

  • John Locke Is Needed Now More than Ever

    Reprinted from FEE.org Personal and economic freedom are under attack in the United States and in many other parts of the world. This is seen most clearly in this year’s contest for the White House. In all the rhetoric about America’s political, social, and economic problems that is heard from the lips of the Democratic and […]

  • The Skillful Professor Rothbard

    This introduction to two essays by Murray N. Rothbard — “The Mantle of Science” and “Praxeology as the Method of the Social Sciences ” — was published in a 1979 edition published by the Cato Institute. Reprinted from Mises.org All in all, I am not fully convinced that the great flood of discussion on problems […]

Mises Canada

Category: Content
Type: Blog Article

Generated 6 months ago

New blog articles detected

  • The Decline of Conversation

    [On Doing the Right Thing, chapter 3, “The Decline of Conversation.”] Reprinted from Mises.org Speaking as Bishop Pontoppidan did about the owls in Iceland, the most significant thing that I have noticed about conversation in America is that there is so little of it, and as time goes on there seems less and less of […]

  • Is Greater Productivity a Danger?

    Reprinted from Mises.org It is bad enough that opponents of the free market wrongly blame capitalism for environmental pollution, depressions, and wars. Whatever the failings of their causal theories, at least they are focused on undoubtedly bad things. We have really gone beyond the pale, though, when the market is blamed for something good. Tim […]

  • Government Medical “Insurance”

    This article is excerpted from Making Economic Sense (1995; 2007), chapter 20, “Government Medical ‘Insurance.'” Reprinted from Mises.org One of Ludwig von Mises’s keenest insights was on the cumulative tendency of government intervention. The government, in its wisdom, perceives a problem (and Lord knows, there are always problems!). The government then intervenes to “solve” that […]

  • Let Airbnb Providers Discriminate as They Please

    Reprinted from FEE.org Question to ask yourself: would you like stay in a person’s home who didn’t like you on the grounds of your race, sex, religion, or language? I would think not. For my part, I would like to know ahead of time of the person’s biases and thereby try to avoid the place. […]

  • 2016 International Conference of Prices & Markets

    The International Conference of Prices & Markets is pleased to announce the 2016 iteration of the event Saturday November 5th in Toronto, Canada. This will be the 5th anniversary of the conference, with a special opening reception marking the occasion on Friday November 4th. Read the 2015 conference Papers & Proceedings here. The International Conference of […]

  • Wartime Origins of Modern Income-Tax Withholding

    Reprinted from the Independent Institute Wars have always been the most important occasions for the introduction of new forms of taxation. At the outset of a war the state suddenly needs greatly increased revenues to pay for personnel and matériel to prosecute the war. Although governments typically increase the rates of existing explicit taxes and […]

Mises Canada

Category: Content
Type: Blog Article

Generated 6 months ago

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