• Blog
    End the Government’s Monopoly on Gambling

    Super Bowl weekend is upon us and that means people will be gambling like no other time of the year. About US$100 million will be bet on Sunday’s game between the Green Bay Packers and the Pittsburgh Steelers. But that’s just the legally wagered amount. No one seems to be sure how...

  • Articles
    Fundamental Economic Concept Lost in Translation

    The principle of comparative advantage is one of the fundamental insights of economics. In everyday language, this...

  • Blog
    Obama’s corporatist recovery.

    On January 21st Barack Obama appointed Jeffrey R. Immelt to replace Paul Volcker as head of the Economic Recovery Advisory Panel. The Panel was established shortly after Obama took office with the purpose of providing the president advice on how to quicker end the recession in the US. It was originally meant...

  • Articles
    CCF: Origins of Canadian Socialism

    Canada today is most clearly a socialist nation, but without delving back to the earlier part of...

  • Blog
    A Reminder about the Ground of Political Authority

    The suddenness with which a long-standing dictatorship was overthrown in Tunisia, and destabilized in Egypt, serves as a reminder about the true foundations of obedience to the state. As Max Weber aptly defined it, the state is that agency which holds a monopoly on the legitimate use of force over a given...

  • Blog
    Stay Out of Internet Pricing

    Mere months after nixing BHP Billiton’s takeover bid for Potash, Industry Minister Tony Clement is once again threatening to meddle with the operation of the market. Actually, to be more precise, he is weighing whether to nullify a ruling by the Canadian Radio-television and Communications Commission (CRTC). Though it came down from...

  • Articles
    Candlestick Maker’s Petition

    A PETITION From the Manufacturers of Candles, Tapers, Lanterns, sticks, Street Lamps, Snuffers, and Extinguishers, and from...

  • 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...