• Blog
    Adapting to passive money

    Please, click here to read this article in pdf format: february-11-2011 Just after our last letter on Monday, when we wrote that “…out of  China, we expect no news on rates or credit manipulation (i.e. reserve requirement ratios) until March…” we were surprised by a 25bps increase. The fact that the increase...

  • Articles
    Unravelling Milton Friedman

    This article originally appeared in The Individualist in 1971, and was reprinted in the Journal of Libertarian...

  • Blog
    Truth and the CRTC

    What is truth? Pontius Pilate is famously portrayed asking that question in the New Testament. Unbeknownst to many, the Canadian Radio-television and Telecommunications (CRTC) is also mandated to answer that question if called upon — though, thankfully, it hasn’t yet. More of us now know about this due to a move by a Senate-House of Commons...

  • Articles
    Paper vs. Gold

    Gold versus Paper Most people take it for granted that the world will never return to the...

  • Articles
    What about Inequality?

    This is excerpted from Chapter 6 of “How Capitalism Saved America” It is undeniable that American capitalism...

  • Blog
    Socialized Medicine Doesn’t Improve Health of the Poor

    Among the pillars of Canada’s health care system is the contention that it improves the health of the poor. By doing away with financial impediments to medical services, Canada’s socialized regime is supposed to enable the poor to live as healthily as the more well-to-do. It turns out that is not true. Though...

  • Articles
    Capitalism 4.0?

    A favourite pastime of mine is picking up mainstream “business” books and seeing what they have, if...

  • 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...