The Reagan administration seemed to have achieved the culmination of its “economic miracle” of the last several years: while the money supply had skyrocketed upward in double digits, the consumer price index remained virtually flat. Money cheap and abundant, stock
... read more
Socialists commonly cite the existence of the poor as a reason for socialism, and they claim that their concern for the poor shows compassion and morality. Since the topic of poverty is a key battleground in the
... read moreThis weekend, I am attending the Prague Conference on Political Economy. It’s being held at the Cevro Institut, which is housed in a beautiful court-yard structure. The Institut’s director, Josef Sima, describes it as a free market college where students can explore
... read moreQuebec Minister of Finance Raymond Bachand handed in his 2011-2012 budget on March 17th. Bachand was pleased to announce quite a few means to stimulate Quebec’s economy. But as you will see, it is unlikely that the latter will be
... read moreSome people may make the argument that the government has “our best interests at heart”. For this reason, the logic goes, we should accept government policy, take what politicians say as true, and, more generally, have faith in our leaders.
... read moreAristotle maintained that the best state we could, as a practical matter at least, hope for was a mixed regime. Usually translated as “polity”, this regime combines elements of elite and majority rule in the distribution of the government’s decision
... read moreLast week, British Columbia raised the minimum wage in the province. It’s going up from $8 per hour to $8.75 on May 1 and will keep rising in steps until it hits $10.25 in May 2012. Christy Clark, BC’s new premier, justified the
... read moreAir assaults on Libyan targets have begun, as the US and its allies enforce a UN resolution passed on Thursday. UN Resolution 1973, approved by a 10-0 vote in the Security Council with 5 abstentions, imposes a no-fly zone over Libya. Specifically forbidding Libya’s
... read moreLudwig von Mises Institute of Canada
[email protected]
