• Defending property rights cures the bathroom controversy

      The current tempest in a teapot among the “rights” advocates is that no one should be restricted from using the gender specific bathroom of his choice. The “rights” advocates want to use the police power of the state to ensure this outcome. The federal government has come down on the side...

  • Another reason to get rid of the euro

    From today’s Open Europe news summary: European Commission considering new tools to prevent cash outflows from failing banks According to a document seen by the Financial Times, the European Commission is considering proposing a new ‘moratorium tool’ that would give national regulators the power to freeze payments to bondholders and potentially halt depositor...

  • My response to an email blast by Roger Helmer, member of the European Parliament

    Per your recent email: “But the key point is that the UK is a massive importer (and net importer) of EU goods.  We will in fact be the EU’s largest export customer.  Bar none.  This is undesirable from a balance-of-payments point of view, but it gives us enormous negotiating clout.” Dear Roger, One...

  • Is an increase in German exports a good thing for Germany?

    From today’s Open Europe news summary: German exports rise unexpectedly German exports rose by 1.9% month-on-month in March 2016, according to new data released by the National Statistics Office (Destatis) yesterday. It was the largest monthly increase in half a year, and came as a surprise to analysts who did not expect...

  • Another step toward cash confiscation in Europe

    From today’s Open Europe news summary: ECB to halt production of €500 note, but it will retain its value The European Central Bank announced yesterday that it would stop printing the €500 note from the end of 2018 due to, “concerns that this banknote could facilitate illicit activities.” However, the bank confirmed...

  • Draghi espouses the old “excess savings” nonsense

    From today’s Open Europe news summary: Draghi rebukes ECB German critics In a speech on Monday, the President of the European Central Bank, Mario Draghi, delivered a blunt rebuke to German criticism of the ECB’s low interest rate policy saying “There is a temptation to conclude that…very low rates…are the problem… But...

  • A carbon tax is bad for Alberta

    Yesterday, Alberta Premier Rachel Notley asserted that Canada was “absolutely” closer to a new pipeline due to...

  • A proper rejoinder to an empty threat

    From yesterday’s Open Europe news summary: French Economy Minister: UK “won’t be in a position to negotiate something better” after Brexit French Economy Minister Emmanuel Macron told an audience in London yesterday, “After a Brexit vote, you are not in a position to negotiate something better…Leave the club and you will be...

  • An Open Letter to Sylvain Levesque of Bombardier

    This morning I received a copy of an opinion letter titled “A Debate about Government Investment? Absolutely....

  • Rose Wilder Lane on the debt

    On the weekend, I read a short biography of Rose Wilder Lane. Reflecting on her childhood, Lane...

  • German and Dutch objections to ECB QE are ignored

    From today’s Open Europe news summary: ECB Minutes show deep divisions over stimulus measures Minutes of the March meeting of the ECB governing council, released on yesterday reveal deep divisions amongst its members over the latest round of ECB stimulus. The Dutch and German members were fiercely against, The Financial Times reports,...

  • My letter to the Philadelphia Inquirer re: The consumer always pays

    Dear Sirs: I have been following your reporting of Mayor Kenney’s proposed tax on sugary drinks. Please keep one thing in mind–consumers pay every tax; corporations merely collect it. Coca Cola and Pepsi must pass on the cost of any tax to the consumer or go out of business. Do not be confused with supposed “research”...

  • Do what I say or I’ll shoot myself

    From today’s Open Europe news summary: Spain warns of consequences for Gibraltar if Britain votes for Brexit The Times reports that Spain may end its agreements with Gibraltar, and could even close the border if Britain votes to leave the EU. A Spanish official told the paper that “We do not see Britain...

  • Part 2 of my interview re: The end of dollar hegemony

    Part 2. Thirty minutes. Pat Barron Show notes page: http://www.wakeupcallpodcast.com/dollar-hegemony-2/ iTunes link: https://itunes.apple.com/us/podcast/wake-up-call-podcast-foreign/id1089024518?mt=2&ls=1 In case you missed it, here is Part 1, also thirty minutes. Pat Barron Show notes page: http://www.wakeupcallpodcast.com/dollar-hegemony/ iTunes link: https://itunes.apple.com/us/podcast/wake-up-call-podcast-foreign/id1089024518?mt=2&ls=1

  • Remember the people involved

    When I was in University, I vividly remember one of my economics professors telling students to always...

  • The history, meaning, and probable end of “dollar hegemony”

    This thirty minute interview is part one of a two part series. Part two will be released next week. In this interview I explain how the dollar became the world’s leading reserve currency, what it means to be a reserve currency, how the US has benefited financially from this arrangement, and how delinking the dollar...

  • My letter to the Financial Times of London re: The fallacy underlying the cause of Irish bank failures

    Re: Anglo Irish Bank executive appears in court after US extradition Dear Sirs: The failure of Anglo Irish Bank–whatever the reason–did not cause the collapse of other financial institutions. Mr. Boland’s article leads one to view banks as dominoes in which one collapse necessarily leads to the collapse of all, but such is not the...

  • Economics in one cheque

    On December 1, 2005, Bill 43 “Alberta Resource Rebate Statutes Amendment Act” received Royal Assent in the...

  • The simple connection between free trade, open borders, and integration

    Not all those who support the free movement of capital across borders support the free movement of...

  • ECB to stimulate Europe by taking its citizens’ money

    From today’s Open Europe news summary: Further ECB stimulus expected to aid flagging Eurozone economy The European Central Bank is widely expected to announce further stimulus measures to aid the struggling Eurozone economy as it meets in Frankfurt today. Most analysts expected the deposit rate to be cut further into negative territory...