• Blog
    The Fed follows the Swiss National Bank

    Please, click here to read this article in pdf format: september-12-2011 Today’s comments will be brief. In...

  • Blog
    9/11 Bullet Points

    At the risk of adding to the already voluminous commentary about the tenth anniversary of 9/11, here are four bullet points summarizing the consequences of the policy response to the horrific events of that day: * Economically, the situation was made significantly worse.  Politicians stoked consumption at the expense of savings and...

  • Blog
    Is Gold in a Bubble?

    Though gold has given up some of its gains over the past few days, the US$2000 per ounce mark beckons. After touching $1477 per ounce at the end of June, the precious metal has since shot up to reach a high of $1920, from which it has retreated somewhat to its current...

  • Articles
    Mises Canada and Energy Freedom

    On Saturday, September 10 I will be participating in the Mises Institute of Canada’s conference, “Liberty and...

  • Articles
    How to Reach the Left

    Originally posted Thursday, April 28th, 2011 on mises.org. [Chicago Mises Circle, April 9, 2011. You can listen...

  • Articles
    Praise the Anarchy in the UK

    While some deride the “anarchy” that raged in the UK, it appears that genuinely voluntary, non-state forms...

  • Blog
    There is no Black Swan

    Please, click here to read this article in pdf format: september-5-2011 In our last letter, we showed that our view from May 2010 is fully developing (We had stated that eventually money supply in the Eurozone would be determined by the growth in the zone’s fiscal deficits). Also, the contagion from the...

  • Articles
    Microcredit Meltdown

    Originally posted Friday, November 19, 1999 on Mises.org Microcredit is one of those fashionable political ideas that...

  • Articles
    The Collectivized Responsibility of Petty Socialism

    Originally published on Mises.org Rising healthcare costs and continuing recession-related fiscal problems have impelled numerous world governments...

  • Blog
    Democracy and Deficits

    Here is the link to an article in today’s National Post (Financial Post) authored by yours truly. In it, I invoke John Calhoun’s thesis that the state produces a class division between tax consumers and taxpayers in arguing that democracy is structurally disposed to generate an inordinate level of public debt.

  • Blog
    A Satire on Krugman

    This Forbes magazine piece by Bill Frezza is as close as one gets to a performance worthy of Jonathan Swift in the present-day economics discourse. Here is a taste of Frezza’s satire of Krugman’s response to Hurricane Irene: … the celebrity economist offered up his judicious advice. “We cannot wait for another...

  • Articles
    Automated Totalitarianism: A Critical Analysis of The Protomen

    “No one was left who could remember how it had happened, how the world had fallen under...

  • Articles
    The Chimera of Contracyclical Policies

    Excerpted from Human Action: The Scholars Edition An essential element of the “unorthodox” doctrines, advanced both by...

  • Blog
    The PR Aspects of Corporate Socialism

    For the past two decades or so, the idea of corporate social responsibility (CSR) has gained widespread respectability. It’s attained such currency that most large firms nowadays feel compelled to pay at least some deference to it in their public pronouncements. CSR basically argues that firms ought not simply focus on maximizing...

  • Blog
    “Rich Dad” Leading You to the Poor House

    I had the pleasure of attending Rich Dad’s “Learn to be Rich” conference yesterday.  It was free,...

  • Articles
    Business Under German Inflation

    The Losses from the German Inflation Far Exceeded Any Gains Originally Published in the Freeman – November...