Earlier this year, I travelled to Orlando, Florida to attend a conference. It was here that I had the privilege of attending a seminar by Dennis Snow. Continue reading ‘The Sunk Costs of Spilt Ice Cream’
The Financial Post has published an article entitled “Why Canada’s policymakers may want a weaker loonie.” It is a fine testament to the sad state of economic analysis by the mainstream media. Continue reading ‘A Mainstream Inflation Contradiction’
(Originally appearing at LvMIC.)
Last week, I heard about a particularly tragic example of the post hoc, ergo propter hoc logical fallacy, which Frederic Bastiat, the great 19th-century economist, called “the greatest and most common fallacy in reasoning.” Continue reading ‘The Cargo Cult Economy’
Writing for the National Post, Andrew Coyne hits the nail right on the head when he explains why there should be no government bailout of BlackBerry Continue reading ‘Why the Government Should Let BlackBerry Fall’
On Thursday, Federal Finance Minister Jim Flaherty announced a partnership between the federal government and the provinces of British Columbia and Ontario aimed at creating national uniformity in the regulation of securities. The arrangement, entitled the “co-operative capital markets regulatory system,” will be encouraged on the other provinces in a bid to create a single national regulator of stocks and bonds. Continue reading ‘Some Questions About a National Securities Regulator’
The summer of 2013 marked the costliest disaster in the Canadian province of Alberta’s history.
During this time, severe flooding along many rivers in southern and central Alberta ravaged the region, directly resulting in four deaths, the displacement of over 100,000 people, and primary estimates of CAD $3 to $5-billion in damages.
In the midst of the crisis, media reports began to circulate describing incidents of price-gouging by “greedy merchants” accused of “trying to profit from the desperation of people seeking basic supplies.” One story cited the example of a Calgary liquor store reportedly selling bags of ice for $20 apiece.
Continue reading ‘Be Thankful for Price-Gougers’