Personal website of Pierre Lemieux
On line since June 24, 1995 - Last updated November 26, 2009
"One of the best politics-themed Canadian Web sites [with] a witty, take-no-prisoners style."
(National Post)

November 12, 2009 – In 2002, Joseph Stiglitz, the Nobel economics prize winner and two co-authors (Jonathan Orszag and Peter Orszag), published an article ("Implications of the New Fannie Mae and Freddie Mac Risk-based Capital Standard") in Fannie Mae Papers. They argued that Fannie Mae's and Freddie Mac’s risk-based capital standard made it very unlikely that the two GSEs (government-sponsored enterprises) would ever require a government bailout. Their results suggested that “the risk to the government from a potential default on GSE debt is effectively zero”, even in “the financial and economic conditions of the Great Depression”. The authors apparently underestimated the possible credit losses from a deep recession, besides ignoring the possibility that the quasi-nationalized housing market and the GSEs could themselves generate a recession. Fannie Mae and presumably the learned authors are not especially proud of this paper, which has disappeared from the GSE’s site; but I have reproduced it on this site.

October 30, 2009 – A young Canadian woman has been attacked and killed by coyotes while hiking. It wouldn't have happened if she had been carrying a pistol. "If it could save only one life..." Of course, she would then have risked a mandatory minimum (thanks to the Conservatives!) of three years in jail and a maximum (thanks to the Liberals!) of 10 years.

September 2, 2009 – Marshall on Depressions: In his Principles of Economics (1920), Alfred Marshall perhaps says about depressions everything that needs to be said – in just a few paragraphs. Read my short post on The Barstool Economists.

August 30, 2009 – To hear about other good stories, feel free to befriend me on Facebook. You can look me up under PL@pierrelemieux.org. Please mention that you come from the pierrelemieux.org website.

August 30, 2009 – This young woman, Cassidy Nicosia, was arested for being bare-breasted in public during a demonstration in New Hampshire. But this is not the most interesting fact of the case. She was also armed with a semi-auto pistol, which can be seen on her right hip. It is more visible in a Keene Sentinel story. (See also the New Hampshire Free Press story.) We can't see this often in our statist world: a young woman arguing with a cop while wearing a handgun on HER hip. As the moto of New Hampshire says, Live Free or Die! And good luck to Cassidy Nicosia!

August 23, 2009 – My apologies for the fact that I haven't updated this site for some time. I hope to be able to do it shortly. In the meantime, some more recent articles can be read on the Western Standard on-line. As for my conflict with the nice and caring Canadian state, who wants to seize my guns, you can follow it on a special page I have on this site.

June 24, 2009 – What's wrong with U.S. President Barak Obama's regulatory reform plan? Read my Western Standard column.

June 17, 2009 – The Provincial Court judge renders her decision, which is just as expected. The Court supports the bureaucrat who denied the renewal of "my" gun licence. You can read the judge's decision in French; the English translation will soon be available. My lawyer, Richard Fritze, immediately filed an appeal (available in English as most of the documents on this case) on my behalf (on the practical licence issue) before the Superior Court. On the other hand, the constitutional challenge will be heard (by the same court!). For the whole case, see my Police Canada page. You may post a comment on this at Liberty in Canada -- or, in French, at Liberté au Canada.

June 12, 2009 – The war on drugs has served as an excuse for a wholesale onslaught on our liberties and an obscene increase in government power. Read my Western Standard column "The Liberticidal War on Drugs".

June 2, 2009 – My Western Standard column "A Kafkaesque Process" describes the court proceedings following my refusal to answer a question about my love affairs (reminder: see my application form of May 30, 2007 and George Jonas column in the National Post).

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