• Articles
    Chaos Theory

    It is fitting that chaos theory got its start in the humble but frustrating field of meteorology....

  • Blog
    Quantititative Easing Explained in a Cartoon

    At the Forbes magazine website, there’s a great article by the always insightful Amity Schlaes alerting us to a cartoon that explains quantitative easing in everyday language. This cartoon (see below) has been viewed almost 4 million times. Its success raises the question why so many people appeal to an animation video...

  • Articles
    Canada’s Penny: The Last Defender from Inflation

    Canada’s venerable 102 year old penny is apparently more hassle than it is worth. Literally. At a...

  • Blog
    Canadian CEO Pay

    By 2:30 pm today, an elite Canadian CEO had earned what it takes a typical individual a year to make.  That’s according to the Canadian Centre for Policy Alternatives in their just released report, Recession Proof: Canada’s 100 Best Paid CEO’s. For 2009, the left-of-centre think tank calculates that the average compensation of the top 100...

  • Articles
    Defending the Litterer

    The litterer today will find few defenders. He is beset on all sides, bearing the brunt of...

  • Blog
    Toronto’s Bag Tax

    Toronto’s new mayor, Rob Ford, is thinking about doing away with a 5 cent fee on plastic shopping bags. This was introduced in 2009 by the city’s former mayor, David Miller, as an environmental measure to discourage the use of plastic bags. The bag fee is not a typical tax. The revenues generated do...

  • Blog
    Tocquevillean Resolution

    Besides retrospectives and predictions, another common practice during this season is the making of New Year’s resolutions. Those of us with a classical liberal view of things ought naturally commit to persisting in the struggle to reduce the influence of government in our lives and society. In undertaking this task, we will be more...

  • Articles
    The Regina Manifesto

    The Regina Manifesto was the programme of the Co-operative Commonwealth Federation and was adopted at the first...

  • Blog
    About Forecasting

    The Dow Jones Industrial Average is going to 16,000. China will undergo a democratic revolution. The Euro will finally collapse. Stephen Harper’s Conservatives will finally win a majority government. Yes, it’s that time of year when predictions abound. In today’s National Post, Dan Gardner does a superb job of belittling the whole...

  • Articles
    Socialism – Part 1

    PART I   LIBERALISM AND SOCIALISM Chapter 1 – Ownership 1 The Nature of Ownership Regarded as a...

  • Articles
    On the Right to Medical Insurance

    Many claim that health care is a human right and that only an unjust society such as...

  • Blog
    Commodity Prices Signaling Inflation

    One of the knocks against the Austrian critique of recent monetary policy is that inflation has not erupted as predicted. Paul Krugman just made this point in another fine example of the derisive rhetorical style that he has honed since becoming a regular columnist at The New York Times. But price movements across a number of...

  • Blog
    Telling Health Care Stats

    Following up on Predrag Rajsic’s article today, “Time as a Price”, here are a number of illuminating...

  • Articles
    Time as a Price

    Canadian emergency rooms are infamous for their long wait times.The long wait times, in fact, prevail in...

  • Blog
    Portugal Succeeds in Decriminalizing Drugs

    Ten years ago, Portugal was faced with a drug addiction epidemic. Instead of beefing up anti-drug laws , and giving the police more resources to enforce the existing prohibitionist regime, it decriminalized the possession and use of drugs for personal purposes. Only trafficking remained illegal. At the time, opponents of the move...

  • Blog
    It’s snowing because it’s warming?

    Faced with an article like this, one can’t help wondering whether, to use Karl Popper’s language, one is ultimately dealing with an unfalsifiable thesis: Judah Cohen, “Bundle Up, It’s Global Warming”, New York Times, Dec. 26/2010