Despite my workload expanding and free time being limited, I have decided to launch a new weekly YouTube channel called Think Liberty.
Every week, I will post one five- to seven-minute video talking about three international issues, and dissecting each of those topics from a libertarian perspective. The first episode of this new endeavour covered the U.S. war on cash, Calgary’s bid for the 2026 Olympics and Argentina’s 100-year bond.
I’m a writer. Therefore, I’m not much of a raconteur like Orson Welles or an orator like Conrad Black (only in my dreams). But I will try my best in communicating effectively and outlining libertarian viewpoints on specific matters.
Here is Episode 1 of Think Liberty:
Summer is finally here, and you know what that means: more reading!
My initial goal for the June-to-September period was to take a break from reading fiction, particularly Agatha Christie. However, as you can see from the image above, I got my hands on another Christie classic – the very first Hercule Poirot mystery.
For the next couple of months, I will be sinking my teeth into economics and fiction.
Here is my list:
“The Mysterious Affair at Styles” – Agatha Christie
“The Problem with Socialism” – Thomas DiLorenzo
“Hitler’s Beneficiaries” – Gotz Aly
“Wealth, Poverty and Politics” – Thomas Sowell
“Old Goriot” – Honore de Balzac
You have probably heard by now that the United States Justice Department has appointed a new special counsel for the Donald Trump-Russia investigation.
I speak with Leesa Donner, editorial director of LibertyNation, about the headline news. We talk about former FBI Director Robert Mueller, what this means for President Trump and how long the investigation may take.
Here is the video:
You can also check out the report here.
As a libertarian, most of what United States President Donald Trump is doing can’t be championed, whether it is foreign or trade policy. The only enjoyment that a libertarian can get is his treatment of the mainstream media, which is both comical and a form of karma (remember how they treated Ron Paul in 2008 and 2012).
Right now, the Trump administration wants to slap a 20% tariff on Canadian lumber.
The media claim that this is bad for Canadians because we’ll be the ones paying for it. However, if you understand the regressive nature of tariffs and protectionism, it is usually the importing nation that suffers the most from this initiative.
I recently wrote about this on Liberty Nation entitled “Was Trump’s Canadian Tariff Actually A Bad Idea?” I go into the basic economics behind this move.
Here is an excerpt:
If Canadian companies could sell the Americans a cheaper product then what’s the big deal?
One of the fallacies behind this move – and, in a broader sense, protectionism – is that exporters are impacted the most by tariffs. This is incorrect. The president’s 20% lumber tax will not be paid for by the Canadian lumber industry, but rather by American lumber-buying companies and homebuyers.
A high-cost domestic industry would welcome a tariff because it protects it from low-cost foreign competition. This is a trade policy that makes a country poorer by raising prices, destroying jobs and increasing taxes for Americans, all in the name of protecting domestic producers.
The administration may believe that it is creating, protecting or saving jobs in the lumber industry. However, the president’s import tax will have a greater effect in other US industries, particularly in construction, where there are thirty-two construction workers employed in homebuilding for every one worker in logging, lumber and wood production combined, according to the American Enterprise Institute (AEI). The tariff would increase housing prices, slow homebuilding and lay off thousands of construction workers.
Simply put: Trump placed a 20% tariff on the American people.
I have a new article up at LibertyNation.com that takes a look at the subprime auto loan market in the United States. This will likely be President Donald Trump’s major financial crisis sometime in his first term in the Oval Office.
A new debt bubble has formed in the U.S. economy concerning auto loans. As this frightening balloon takes in more air, President Donald Trump may soon find himself in a financial crisis the likes of which his democratic predecessor confronted when he took office in 2009. This news is a bit more than worrisome.
Auto loans are poised to grind down the U.S. economy in the next couple of years similar to the housing bubble of 2008. Here’s why: Analysts are beginning to allude to the various warning signs: total auto loan debt has reached a staggering $1.1 trillion and delinquency rates are going up and subprime lending is a dominant theme.
For close to ten years, consumers have had the ability to borrow money at historically low interest rates. Thanks to seven-year auto loan promotions and motorists purchasing vehicles without any money down, reckless spending has been rampant – there was a $96 billion increase recorded in auto loan debt in 2016.
As the Federal Reserve begins to gradually raise interest rates, borrowers may find themselves under water.
You can read more here.