Capitalism Is Not Poisonous

In many circles today, capitalism is viewed as favourably as cleaning the cat’s litter box. Continue reading ‘Capitalism Is Not Poisonous’

Why a Housing Bubble is Bad

In his masterpiece Economics In One Lesson, Henry Hazlitt distilled the whole of economics into a single sentence. Simply put, he said that economics “consists in looking not merely at the immediate but at the longer effects of any act or policy” and “tracing the consequences of that policy not merely for one group but for all groups.”

Then and now, his advice is largely ignored. Continue reading ‘Why a Housing Bubble is Bad’

The Sunk Costs of Spilt Ice Cream

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’

John Stossel Asks, “Why Are Indians Poor?”

Manny Jules served as Chief of the Kamloops Indian Band in British Columbia for sixteen years. He has devoted his life to the betterment of First Nations. Recently, he met with John Stossel to discuss the cycle of poverty on reservations. He also described how to break it. Continue reading ‘John Stossel Asks, “Why Are Indians Poor?”’

A Mainstream Inflation Contradiction

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’

The Cargo Cult Economy

(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’

The Daydreaming of a Would-Be Despot

Justin Trudeau Backstage with MediaIn an astute bit of political commentary from a seemingly unlikely source, actor Seth Rogan, a Canadian, once remarked that, “where I come from, communism is not a terrible word.”

And based on a recent admission by a Canadian political leader, altogether stunning for its honesty, it appears that we can now add the word “dictatorship” to our nation’s hypothetical list of not-so-terrible terms.

Justin Trudeau is the eldest son of the late Pierre Elliott Trudeau, former Prime Minister of Canada. He is the leader of the federal Liberal Party. He is also currently favoured to become the next Prime Minister of Canada.

During a recent “ladies-night” themed fundraiser, he was asked about “which nation’s administration he most admired.” Continue reading ‘The Daydreaming of a Would-Be Despot’

Why the Government Should Let BlackBerry Fall

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’

Ron Paul On His New Book: The School Revolution

Some Questions About a National Securities Regulator

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’