• The true reason for the EU’s call to beef up financial regulation

    From today’s Open Europe news summary: European Commission considers beefing-up powers of pan-EU financial supervisors The Financial Times reports that the European Commission is considering plans to beef-up the powers of the three pan-EU financial supervisors, in a bid to address potential supervisory loopholes ahead of Brexit. Valdis Dombrovskis, a vice-president of...

  • Deficit Spending for the Working Class Canadians

    While an Angus Reid poll from a December 2015 showed only a marginal concern about federal deficits,...

  • End Banks’ Exemption from Normal Commercial Law

    Mr. Burke asked me to respond to the article below about how banks engage in money creation. Like many such articles, the one by Mr. Werner seems almost designed to be confusing and obtuse. My short explanation attempts to inform the layman of what is actually happening; i.e., that banks are exempt...

  • Allowing Failure Fixes the Housing Crisis

    Goldman Sachs is buying up Fannie Mae’s bad paper to the tune of $4.5 billion for $5.7...

  • 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...

  • Canada Flagged for Recession by BIS

    As if Canadians needed more proof that the country’s real estate is in a bubble, and that...

  • A Correction To Commenter Matt Damon

    Dear Mr. Damon (I like you: can I call you Matt? You’ll never read this anyway, so...

  • 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...

  • 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...

  • 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...

  • Trump on Time

    In investment circles the magazine-cover indicator, created by the late Paul Macrae Montgomery, is a contrary indicator...

  • 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...

  • 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...

  • The statist view of the world

    From today’s Open Europe news summary: Meanwhile, The Guardian reported that Lodewijk Asscher, leader of the Dutch Labour party (PvdA), which is currently a partner in the ruling coalition government, has said “I propose to come to a new trade agreement with Great Britain, but only if we can agree firmly upon...

  • My letter to the NY Times re: Free Basic Income Is Not a Solution to Unemployment

    Re: Free Money for the Jobless Dear Sirs: Your article about Finland’s experiment in providing a free basic income to the unemployed fails to address the main question–what exactly is the cause of unemployment and what is the best way to eliminate it? The cause of unemployment is a change in the...

  • The Chimera of State Regulation of Health and Safety Standards

    Federal regulation of health and safety is based upon several illogical premises. Unfortunately these premises are never discussed. Instead we are bombarded with scare stories that business intends to make its profits with no consideration to the health of the public or the safety of its workers.   Illogical premise number one:...

  • Germans favor a self-destructive policy

    From today’s Open Europe news summary: Majority of Germans want Merkel to take tough stance in Brexit negotiations A poll for the Körber Foundation reveals that 58% of Germans think Chancellor Angela Merkel should ‘negotiate tough’ with the UK while 40% say she should be ‘ready to compromise’. Within Merkel’s CDU party...

  • Trump to pick ex-bank CEO who wants to abolish the Federal Reserve?

    From Business Insider: As President-elect’s Donald Trump’s transition rolls on, more and more attention is being paid...

  • The Hidden Costs of Immigration

    Excerpted from the Claremont Review of Books This is the sort of common-sense conclusion that you need...

  • How to Argue

    On the weekend, I read a very good article which asked the question, “Just how charitable are...