The following is a piece I wrote as a response to an editorial written in the Harrisburg Patriot News by Elizabethtown College economics professor Sanjay Paul. The piece, unfortunately, didn’t get picked up so I will reproduce it here. It’s written for the layman as a simple critique of Paul’s commendation of...
Are we witnessing the end of a mercantilist, Keynesian financial system? Gustave Flaubert said “The future is the worst thing about the present.” Gustave would have made a wonderful central banker. Who can read this and not feel that it is an apt description of the global financial situation? Despite all the...
If you had the pleasure of visiting internet giants such as Google or Wikipedia today, you may have noticed something amiss on their respective homepages. In what has to be the largest internet protest in history, “blackout” symbolism is being used en mass to garner attention for an issue that quite literally...
Few syndicated columnists abrade this author much like Eugene Robinson of the Washington Post. Despite his plethora of literary honors including a Pulitzer Prize and twice weekly column in one of the nation’s largest newspapers, Mr. Robinson oft-displays an elementary view on the workings of a market economy. Robinson, like many of...
“In Canada the state likes to control the industry; in the US monopoly power is doled out by the state but usually vests in private hands – so up here you have state monopolies and crown corporations while down there you have antitrust and cronyism…or “state capitalism” (or corporatism) – in Russia...
The policies of mercantilism that harken back to the days of the 17th century are alive and well in modern day Ontario. But in this case, the industry in favor of the so-presumed enlightened public officials is not one normally considered of great need or “public necessity.” It’s one of simple recreational...
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