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 […]
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.
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.
(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.”
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
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 […]
(Originally appearing at LvMIC.) The motto of the province of Ontario is Ut Incepit Fidelis Sic Permanet which, translated from the original Latin, means: “Loyal she began, loyal she remains.” This is an homage to the province’s historical affiliation with the monarchy of Britain. However, in the year since the release of the Drummond Commission report, […]