Blog

Free the Arctic!

Free the Arctic!
Profile photo of Patrick Barron

From the Sunday, August 27th New York Times:

Russian Tanker Completes Arctic Passage Without Aid of Icebreakers

A new Russian tanker with a reinforced hull has cut shipping time from Europe to Asia by thirty percent. One would think that such an event would be hailed by all who desire the betterment of all mankind, but such is not the case. Canada and other nations object, claiming great swaths of the Arctic as sovereign, territorial waters. How foolish! The nations of the world should unite to grant homesteading rights to any entity that uses the arctic for erecting structures, such as oil derricks, and also to grant free passage for any ships to traverse the area for commercial purposes. For Canada to claim sovereignty over great swaths of the Arctic is akin to Spanish Conquistadors planting the Spanish flag in a square foot of beach and claiming an entire hemisphere as property of the Spanish crown.

Blog
Profile photo of Patrick Barron

Patrick Barron is a consultant to the banking industry. He teaches Austrian school economics at the University of Iowa and Bank Managemant Simulation for the Graduate School of Banking, University of Wisconsin. Visit his blog. Send him mail.

More in Blog

stephen-poloz1-300x225

Bank of Canada Raises Interest Rates… Again

Caleb McMillanSeptember 6, 2017
peso

Preposterous Bubble Predictions and the Madness of Crowds

Doug FrenchAugust 21, 2017
blowing-bubbles-300x255

The Bond Bubble

Caleb McMillanAugust 16, 2017
immigration

The Reason for Statist Immigration

Caleb McMillanAugust 15, 2017
bitcoin-dollars-300x200

Is Bitcoin a Bubble?

Caleb McMillanAugust 14, 2017

Why Obamacare Repeal Failed

Taylor LewisAugust 2, 2017
Screen Shot 2017-07-25 at 12.27.53 PM

GDP, GPS, & Growth Without Well-Being

Caleb McMillanJuly 25, 2017

The Real EU Aim in Brexit Talks and Why It Will Fail

Patrick BarronJuly 19, 2017
boc-300x225

One Fundamental Problem with the Bank of Canada

Caleb McMillanJuly 13, 2017