Category Archives for Economics

The only thing that protects our rights

Scenario: a would-be tyrant issues executive orders calling for “patriotic” state agents to take “extraordinary measures” to defend the country from [insert your favourite bogeyman here]. As a result, the supreme court suddenly has some vacancies which are filled by similarly “patriotic” judges. Constitutional protections are subject to their rulings and case law quickly develops […]

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The value of Bitcoin is real

The other day on Fox News there were three panellists discussing the record value of Bitcoin. One confessed that she had known nothing about Bitcoin until she read up about it as preparation for appearing on this panel. While she conveniently confessed her ignorance, that of her fellow panellists could be quickly and easily discerned […]

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Freedom is Inevitable

I wrote this in response to this article: I’ll never bring my phone on an international flight again. Neither should you. It’s not that Trump is a fascist. It’s that they are all fascists, or at least corporatists (but that’s essentially the same thing). The ideal behind the original version of the US constitution, that […]

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“Render unto Caesar”

Give the state what belongs to the state, i.e. squat. The author of this article makes a great point. If Jesus wanted to advocate paying taxes he could have answered the question plainly. The Pharisees wanted and expected Jesus to counsel against paying tax so they could have him arrested. There was no need for […]

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Protectionism? Get a Grip!

Protectionism is when the government protects or creates jobs in our country by imposing taxes on imports from other countries. What could be wrong with that? To answer that I am going to use US statistics for 3 reasons: 1) they are more readily available; 2) the argument against protectionism in Canada is the same […]

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International Trade Agreements

Every decision the state makes is wrong. At least in the sense that it is wrong to presume to have the authority to make decisions that rightfully belong to others and then enforce those decisions. The state, all states, have lost that authority (some never had it to begin with) by exercising power beyond that […]

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The Blockchain is Bigger than Bitcoin

In this recent article, Matthew Sparkes looks at the current status of Bitcoin. He argues that what is much more important is the fate of the blockchain, the decentralized infrastructure upon which Bitcoin is based, but which does not depend upon Bitcoin for its existence. Or does it? He says that if the price of […]

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Mises vs Keynes

Nice infographical summary here.

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