• Blog
    Going too far with Law and Order

    In no policy area has Stephen Harper’s government been more successful in passing legislation than criminal justice. With some exceptions, the opposition parties have dared not oppose the Prime Minister’s law and order agenda lest they come off appearing soft on crime. Thus, the Conservatives have toughened punishments, defined new crimes, while...

  • Articles
    The Case of Algeria

    Having been totally unaware of the socio-economic strife occurring in two North African countries since the end...

  • Blog
    The Entrepreneur Who Sparked a Revolution

    A couple of days ago, this blog noted the low levels of economic freedom among the Arab countries lately rocked by upheaval and protests. But this lack of freedom has manifested itself more vividly at the individual level. His name is Mohamed Bouazizi. He is the 26 year old man whose self-immolation...

  • Blog
    The Roots of Unrest in the Arab World

    Unrest is spreading throughout the Arab world after last week’s overthrow of the Zine el-Abidine Ben Ali regime in Tunisia. Demonstrations have erupted in Egypt, Morocco, Algeria, and Yemen. Many news reports are identifying high unemployment and endemic poverty as causes of the protests. Yet that begs the question: why are these...

  • Articles
    Inequality of Wealth and Incomes

    Inequality of Wealth and Incomes The market economy, capitalism, is based on private ownership of the material...

  • Blog
    How the Rich Get Rich

    The latest issue (Jan. 22) of The Economist carries a special report on the wealthy and the state of inequality around the world. As is almost always the case with the British magazine’s special reports, “The Few” is well worth reading. Here are some of the more instructive points: * While inequality within nations, as measured by...

  • Articles
    The Great Recession and The Failure of Keynes

    First of all, I want to thank the Institute of Liberal Studies for inviting me here today...

  • Blog
    The Right to Self-Defense

    The story of government over the last century is largely the story of how it has abused its monopoly over legal coercion and extended it to regulate areas of our lives outside its legitimate purview. Much of this incursion has occurred in the economic realm. But impending federal legislation to solidify the right...

  • Articles
    Depression Before the Great Depression

    Before the Great Depression of the 1930’s and 1940’s, there were a number of depressions and recessions...

  • Articles
    Economic Depressions: Their Cause and Cure

    We live in a world of euphemism. Undertakers have become “morticians,” press agents are now “public relations...

  • Blog
    Harper’s Five Disappointing Years

    Today is the fifth anniversary of Stephen Harper’s electoral victory that ended 13 years of Liberal party rule. It’s worth recalling that this is a man who, before coming to power,  once described Canada as a, “Northern European welfare state in the worst sense of the term”.  Such a statement offered a...

  • Blog
    What the BoC has done to the Canadian dollar

    Reading the Austrian literature, one often comes across the claim that the US dollar has lost 95% of its value since the Fed’s inception in 1913. A Canadian reading that might well ask how much our dollar has been cheapened since the Bank of Canada (BoC) was founded in 1935. A good question...

  • Articles
    Economic Calculation in the Socialist Commonwealth – Chapter 4

    4. Responsibility and Initiative in Communal Concerns The problem of responsibility and initiative in socialist enterprises is...

  • Blog
    From the Great Depression to the Great Recession

    That is the title of the upcoming seminar being hosted by the Institute of Liberal Studies.  If you are in the Toronto area this Friday, you are more than welcome to attend. Running from 10 am to 330 pm, the seminar will be take place in  Hart House (Music Room) at the University of Toronto....

  • Articles
    Canadian Broadcasting in Dire Straits

    You may or you may not agree with the recent Canadian Broadcast Standards Council (CBSC) “ban” on...

  • Blog
    The Failure of the Fed

    Coming across this paper by George Selgin, William D. Lastrapes, and Lawrence H. White, one can’t help wondering how the Bank of Canada (B0C) would fare under similar scrutiny. One suspects the BoC’s record, both in terms of keeping inflation under control and minimizing the economy’s volatility, would come to sight as...