[This article is excerpted from volume 2, chapter 12 of An Austrian Perspective on the History of Economic Thought (1995). Reprinted from Mises.org] Even Marx must dimly recognize that not “material productive forces,” not even “classes,” act in the real
Archive for December, 2012
Do the Mentally Ill Need Locked Up?
In the weeks following the Sandy Hook shooting tragedy, the usual cadre of intellectuals spilled their insight on the opinion pages and television cameras across the nation and shared what they thought were meaningful solutions. The most inane of these
A Visit From the Ghost of Christmas Future
John C. Calhoun divided the citizenry of a country into tax payers and tax consumers. Ludwig con Mises concluded that the anti-capitalist society (socialist and interventionist) is one of everyone against everyone, since as a result of the lack of
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The State of Journalism & Mark Carney’s Vacation
Canadian journalism doesn’t typically consist of stories one would read in a mainstream newspaper, or hear on a CRTC-controlled television station. Of course, there are “journalists” reporting on events and other happenings across the nation, but there is very little
The United States of Europe?
[This article is excerpted from Liberalism, Chapter 3] 9. The United States of Europe The United States of America is the mightiest and richest nation in the world. Nowhere else was capitalism able to develop more freely and with less
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Foundation and Krugman
Reprinted from The American Interest Paul Krugman says in this Guardian piece that he “grew up wanting to be Hari Seldon, using my understanding of the mathematics of human behaviour to save civilisation.†For those of you who have read
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A Politician’s Promise
The sure sign of a halfwit is someone who believes a politician’s promise. They can be observed at candidate rallies with their faces beaming and their hands grasping tightly to a cardboard sign. In bars and restaurants they speak endlessly
Canadian Minocracy: Rule by the Few Over the Many
“Democracy is a song, a composition for Majority’s voice. Its lyrics are inspiring and strong: the equal right to enjoy our choice. ” – Kayle (Best Tweet Winner) According to Kayle, one of George Stroumboulopoulos’ top five tweeters, democracy is
The Case for Ebenezer
Reprinted from LewRockwell.com My interest in Charles Dickens’ A Christmas Carol began one Christmas eve when, as a small child, my parents turned on network radio to listen to what, even then, had become a classic Christmas eve festivity: Lionel
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Bastiat on Malthus: Wisdom from 1850 for Optimism Today
Reprinted from MasterResource: “If we face the facts courageously, we shall see that a large area has been left open for the exercise of our initiative.†The holiday season is not only a time to count our blessings, but also to
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Who is Responsible for the Push Toward U.S. Non-Interventionism?
Reprinted from LewRockwell.com The Canadian MacLeans Magazine (equivalent to Time or Newsweek in the U.S.) ran a long 4-page article entitled “End of the U.S. empire? After years of foreign wars and interventions, a new mood of isolationism is sweeping
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The Spontaneous Order of the Dance Floor
On a recent Saturday evening, some friends and I were at a loss at how to spend the night after a concert we planned on attending was booked up. In search around the venue, we discovered what appeared to be
R.I.D.E. as an Ineffective Solution to Drunk Driving
The traditional clamor of family gatherings, feasts and gift exchanges that accompany the Holiday Season have of late been augmented by local and regional police squads with the widespread application of R.I.D.E. Â The “Reduce Impaired Driving Everywhere” (R.I.D.E.) program, which
On the Freedom Of Movement
[This article is excerpted from Liberalism, Chapter 3] 8. Freedom of Movement Liberalism has sometimes been reproached on the ground that its program is predominantly negative. This follows necessarily, it is asserted, from the very nature of freedom, which can
Stephen Harper and the Myth of Lincoln
Errol Mendes, a University of Ottawa law professor, has published an opinion piece entitled “Lincoln was a uniter, Harper is a divider.” In it, he cultivates the statist myth of Abraham Lincoln. Lincoln was driven by deep-seated, universal principles of human dignity
The Role Value At Risk (VaR) Played in the 2008 Financial Crisis
What is Value At Risk? In the aftermath of the 2008 financial crisis, a myriad of factors leading to the calamity were extensively examined by various public and private entities. It became apparent that some factors had played more of
The Udder Futility of Centrally Planned Milk Production
Dairy products in Canada cost roughly two to three times more than in the U.S. This has the Canadian Restaurant and Foodservices Association (CRFA) feeling cheesed. In an open letter to the Canadian Dairy Commission (CDC), the CRFA decried the



