• 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...

  • Blog
    The Fatal Conceit of Paul Krugman

    On the heels of George Bragues piece on the Fatal Conceit of Central Banking I felt the...

  • Blog
    Anarchie et Réalité Académique

    Portons notre attention sur le milieu académique, spécialement aux domaines liés aux sciences humaines, ou les principes anarchistes pourraient être un thème  potentiel- des domaines tel que la science politique, l’économie, l’histoire, la philosophie, la sociologie, etc. Il est vrai que bien peu d’intellectuels ont réussi leur carrière en exprimant de la...

  • Blog
    Paul Krugman comes clean

    Following on the heels of Georges post on “the Fatal Conceit of Central Banking” I feel I...

  • Blog
    Quotes That Reveal the Fatal Conceit of Central Banking

    Central banks are supposed to ensure price stability and support economic growth. To do so effectively, however, they must be able to consistently forecast economic movements. Since monetary policy operates with a lag of anywhere from 12-24 months, if the central bank only acts once a recession, or an inflationary boom, has...

  • Articles
    Economic Calculation in the Socialist Commonwealth

    The Distribution of Consumption Goods in the Socialist Commonwealth Under socialism all the means of production are...

  • Blog
    The Economist shows Austrians some respect

    Something that the Austrian community has not celebrated as much as one might expect is that the world’s most prestigious news magazine, The Economist, recently published some kind words about the Austrian school. The Buttonwood column in the Nov. 18 issue starts by noting that the financial crisis has brought about a...

  • Blog
    Just what an Austrian would expect

    Austrian economists have been at the forefront of those critical of the easy money policies that the world’s central banks have undertaken to address the financial crisis. The Austrian view is that rock-bottom interest rates and excess liquidity threaten to ignite yet another bubble. The Bank of Canada, it appears, is progressively...