As fears about US and European debt have sunk financial markets world-wide, a self-congratulatory mood has taken hold here in Canada. Yesterday, Prime Minister Stephen Harper practically gloated about Canada’s fiscal position and urged other nations to follow our example. The lead editorial in today’s National Post is entitled, “Our AAA nation”,...

Please, click here to read this article in pdf format: august-9-2011 Where do we start after two...

Let’s start with the debt ceiling saga. If you listened to the media – you would think that it was a debate between cutting spending (Republicans) and the Democrats (cutting spending but not too much and hiking taxes). Well the thing is that DC does not think about budget cutting the same...

Late Friday, Standard and Poors (S&P) ruined the weekend of the Obama Administration, and a good number of economic policymakers around the world, by downgrading US debt from AAA to AA+. The first question to ask about this is: why should anyone care what S&P happens to think? Opinions abound regarding the...

Good news, world! There is zero chance of the USA defaulting on its debt – ever. Alan Greenspan says we can just print money if need be! If only he would read more Mises. If only everyone would.

Republished from Mises.org – just in case you missed it. After three-plus years of floundering around, a...

With many goods and services, technological improvements lead to lower costs and prices. A desktop computer can be purchased for less than half of what it cost a decade ago, and the buyer gets far more processing power to boot. In the health care arena, despite advances in medical equipment and techniques,...

[This talk was given at Economic Downturn: Cause and Cure (Mises Circle, Sponsored by Louis E. Carabini)...

In 2008, Steve Jobs predicted in the New York Times: It doesn’t matter how good or bad the...

Among Canada’s newspaper columnists, Linda McQuaig is the most prominent, and inveterate, exponent of what Ludwig von Mises referred to as the reserve fund. This is the idea that the wealthy represent a gargantuan pool of funds which the state can draw to fund an extensive infrastructure of government programs with minimal cost...

All Austro-Canadians interested in the advance of liberty should make it out this weekend to Orono, Ontario...

A staple in the diet of modern socialists is a deep love for public pensions. Without them,...

The idea that the US cannot possibly default, at least in the sense of not being able to pay its debt obligations, is universally held. It helps explain why yields on US government bonds are so low despite its public debt having reached an eye-popping 96% of GDP. But is it true that the...

Editor’s Note: This essay was originally published in The Freeman, May 1972, Volume 22, Issue 1. It has been...

Gold continues to make new highs against the world’s major currencies, except one: the Swiss Franc. After going above 1400 Swiss francs per ounce in May 2010, the price of gold in that currency has since moved in a sideways range where it now sits at 1296 [a chart can be linked...

  In this our second installment of the “Austrian on Current Events” feature,  we once again consult...