Patrick Barron: The Greek Crisis and the Impossibility of the Euro Published on Jul 2, 2015 Jeff Deist and Patrick Barron discuss European integration, which pits creditor nations like Germany against hapless debtors like Greece under the yoke of the
UberPop: une “Pétition des fabricants de chandelles” version 2015
Avec tout le saccage que les conducteurs de Taxi furieux contre Uber Pop ont causé aujourd’hui à Paris. Rien ne vaut la célèbre satire du protectionnisme de Frédéric Bastiat pour nous remémoré l’absurdité de cette politique. Alors sans plus tarder,
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Greece illustrates 150 years of socialist failure in Europe
Greece cannot pay its debts…ever. Nor can several other members of the European Union. That’s why Europe’s elite are loath to place Greece in default. If Greece is allowed to abrogate its debts, why should any of the other debtor
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The problem isn’t overproduction; it’s malinvestment
Mr. Max Ehrendfreund, writing in the Washington Post’s Wonkblog, believes that he has discovered something new: that the world is producing too much and doesn’t know what to do with it. His solution, of course, is to confiscate the overproduced
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My recent interview on Power Trading Radio
Banking Expert: Germany Should Leave the European Union April 3rd, 2015 Patrick Barron is a consultant to the banking industry. He teaches Austrian school economics at the University of Iowa and Bank Managemant Simulation for the Graduate School of
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A Waste of Time
From today’s Open Europe news summary: Bundesbank proposes new European fiscal authority to replace European Commission Germany’s Bundesbank proposed in its monthly report yesterday to create “a new European fiscal authority which, in the style of independent national fiscal councils,
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Why We Should Use the Word “Taxpayer”
Elizabeth Stoker Bruenig has been on a tear lately. Her near-constant attacking of libertarians has brought her “vertically-integrated digital media company” a good deal of traffic. For this I say: congrats! Mrs. Bruenig, you’re as enterprising as the capitalist robber
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How not to win friends!
From today’s Open Europe news summary: Greek Defence Minister: We’ll flood Europe with refugees if Greece is ‘hit’ by Germany; Speaking at a meeting of Independent Greek MPs yesterday, party leader and Greek Defence Minister Panos Kammenos argued that “If
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Water Rights and Chinatown
Does a warning mean anything if nobody listens? With the precarious case of Lake Mead, doomsayers never seem to break the surface. For years, reports of the lake’s declining levels have popped up in the news. Yet residents of the
Down with Grumpy Cat
“The proletarians have nothing to lose but their chains. They have a world to win. Working Men of All Countries, Unite!” - Karl Marx In our dire era of increasing economic inequality, we need a symbol for the oppression of
Food Banks and the Basic Income Model
Did you know that nearly a million Canadians are now using food banks each month? According to HungerCount, there has been a 25% increase in food bank usage since the Financial Crisis six years ago. HungerCount Reports are considered to
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The Tragedy of NATO: Economic Problems Embedded in Collective Security Agreements
The economic phenomenon known as the “Tragedy of the Commons” instructs us that commonly held resources that are insufficiently protected will be plundered to extinction. The phenomenon was recognized in the early nineteenth century to explain why the commons in
Engineers and Planners
[This article is excerpted from The Counter-Revolution of Science, pp. 94–102.] Reprinted from Mises.org The Engineer The ideal of conscious control of social phenomena has made its greatest influence felt in the economic field. The present popularity of “economic planning”
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A Lapse in State Security
The recent break-in at the White House by a crazed man has predictably sparked a debate over national security. The intruder, 42-year-old Army veteran Omar Gonzalez, hopped the surrounding fence and breached what is supposed to be the most guarded
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Scotland’s goal: Out of the frying pan and into the fire!
Re: Alex Salmond says Scotland could join the EU in 18 months Why in the world would Scotland want to jump from one socialist union to an even bigger socialist union? Independence from the UK is Scotland’s chance to become the
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My letter to the Financial Times, London re: Socialized monetary union means constant meddling into sovereign affairs
Dear Sirs: Wolfgang Munchau’s post on June 23rd titled “Merkel versus Renzi for the future of the eurozone” illustrates the inherent weakness of the European Monetary Union. Like all socialized services, the EMU requires constant meddling by foreigners into the
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ORPP on CityTV Toronto
On June 16, 2014 Chris Horlacher, Vice-Chairman of Mises Canada, appeared on CityTV Toronto with Melanie Ng to discuss the Liberal Party’s proposed new Ontario Retirement Pension Plan (ORPP). Below is a video of the segment that aired. Chris has
Ontario Teachers: A Failure According to Wynne Government
In a great essay, Lawrence Reed points out that government’s constant efforts to reform its own policies is an implicit admission that they couldn’t get things right the first 50 attempts. This is instructive; as Ontario’s political debate now turns
The Right of the Victim
As part of its “law-and-order” agenda, the Harper Administration recently introduced a “Victims Bill of Rights.” According to CBC News, the proposed reform would alter portions of the Canada Evidence Act so that spouses could decline testifying in certain cases.
Cuba Woos Foreign Investors
One of socialism’s last men standing, Cuba has recently softened its stance on foreign investment. In a bid to attract capital to the stagnant economy, a newly proposed foreign investment law would cut taxes on foreigners in half to 15%
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