• Blog
    The Costs of Prohibiting Drugs

    One wonders how much the different levels of government in Canada spend on enforcing our drug laws. How much revenue, too, are they sacrificing by not taxing drugs like tobacco or alcohol? Focusing on the US, the study cited below indicates that American federal and state governments combined would save about $41.3...

  • Blog
    Five Reasons Not To Expand the CPP

    While a number of European countries are endeavoring to rein in their state sponsored pension regimes, a move is afoot here to augment the Canada Pension Plan (CPP). Fortunately, Finance Minister Jim Flaherty has, at least for now, reversed his support for the idea. It’s good news, too, that he has gotten...

  • Articles
    The Fiat Money End Game – to Infinity and Beyond

    Jim Sinclair has a slogan “QE to infinity.” That’s “Quantitative Easing to infinity.” That’s inflation to infinity....

  • Blog
    Recent Social Science for Austrians: Inequality in History

    The Austrian tradition has a number of reservations about the social sciences. Its biggest concern involves the underlying assumption of a fundamental unity between the natural and human realms. We cannot understand people’s actions the way we can those of natural phenomena. People are not playthings of the causal forces surrounding them....

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    Rothbard vs. Strauss

    What grounds, ultimately, does a classical liberal/libertarian have to believe in their political philosophy of minimal government and individualism? If we are to be truly rigorous in our thinking, that is a question we must confront. The great libertarian thinkers of the 20th century — Friedrich Hayek, Ludwig von Mises, and Murray...

  • Articles
    Why People Resist Liberty

    Prior to the 17th century, all human societies – without exception – were founded on abuse, violence,...

  • Blog
    Clearing Up the Copyright Confusion: Fair Dealing and Bill C-32

    Fair dealing has played a prominent role in the hearings on Bill C-32, with education and creator groups debating the merits and impact of the proposed reforms.  Unfortunately, much of the discussion has confused rather than clarified the issue with misleading claims about potential losses, inaccurate comments on copyright and Internet materials, and...

  • Blog
    Credit Card Folly

    Since Canada`s competition laws were overhauled in 1986, the Competition Bureau has concentrated most of its regulatory efforts on the policing of deceptive sales practices.  This is strange if only because such activity has little to do with preserving a competitive marketplace. Of late, however, the Bureau has ventured into more traditional...

  • Articles
    Socialism – Introduction

    1 The Success of Socialist Ideas Socialism is the watchword and the catchword of our day. The...

  • Blog
    Austrian Investing and the Von Mises Prophecy

    One thing that distinguishes Austrian economics from more orthodox views influenced by the Chicago school is that, in principle at least, it allows for the possibility of generating what quantitative financial types like to call “alpha”.  Best known as a variable in the Capital Asset Pricing Model equation, alpha represents the return on...

  • Articles
    Environmentalism Refuted

    Environmentalism is the product of the collapse of socialism in a world that is ignorant of the...

  • Blog
    Language and Freedom

    The front page of Saturday’s National Post confronted one of the idols of Canadian politics  in raising questions about the Official Languages Act, the law that institutes bilingualism.  Authored by Kathryn Blaze Carlson, the article mostly took a utilitarian approach by weighing the benefits and costs of bilingualism policies. While such a...

  • Articles
    The Fed: The Chicago School’s Achilles Heel

    In a recent post “Triumph of the Austrian Economists,” David Frum laments the displacement of the respectable...

  • Articles
    Ten Great Economic Myths

    Our country is beset by a large number of economic myths that distort public thinking on important...

  • Blog
    If You’re Really Serious, Mr. Carney, then Raise Rates Now

    The Bank of Canada governor is obviously very concerned about the debt loads that Canadians have recently assumed. Just days after the Bank of Canada warned about increasingly leveraged households, Mr. Carney told a Toronto audience today that: Cheap money is not a long-term growth strategy. Low rates today do not necessarily...

  • Blog
    Somewhat Torn on WikiLeaks

    Is Julian Assange a villain or a hero? That is the question du jour. From a classical liberal perspective, the answer to that question is far from clear-cut. Good arguments can be produced both for and against WikiLeaks and its release of US diplomatic cables. On the one hand, the bedrock of...