• 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...

  • Blog
    Is Gold Going to Correct or Skyrocket?

    As an Austrian, I’m a huge fan of having a good bit of gold in my long-term...

  • Articles
    Government Grants Make Art Worse

    Originally posted at Huffington Post Canada There are many Canadian books and albums that no one is...

  • Articles
    Postmodernism: The Destruction Of Thought

    Originally posted on http://rayharvey.org/ Postmodernism, in all its vicious variations, is a term devoid of any real...

  • Blog
    Bastiat Eyes a Fundamental Contradiction

    A hat tip to Don Boudreaux at Cafe Hayek, who came across this quote from Frederic Bastiat, the 19th century French political economist and classical liberal thinker: This is simply absurd.  Do you seriously have such faith in human wisdom that you want universal sufferage and government of all by all and...

  • Articles
    The Real Global Warming Consensus (or ‘Why Intellectuals Hate Capitalism’)

    Originally posted on http://www.martindurkin.com/ On the television news they set up their annual ‘Climate Camp’ in London. ...

  • Blog
    A View from the Trenches

    Please, click here to read this article in pdf format: august-19-2011   In light of the events yesterday, which in our view were mainly driven by fears of US dollar funding problems in the Eurozone banks, we thought it would be appropriate to reproduce our comments from June 4th, 2010, which anticipated...