BankNotes Archive – July 2015

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BankNotes Articles from July 2015

Why are they called “Recessions or Depressions?”

July 2, 2015

by R. Nelson Nash “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” — Charles Mackay from his book, Extraordinary Popular Delusions and the Madness of Crowds. In the … Read more

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From Bailouts to Bail-Ins: Understanding the Dodd-Frank Act

July 2, 2015

by L. Carlos Lara On the surface, the Dodd-Frank Wall Street Reform and Consumer Act 1 (January 21, 2010)—the most sweeping overhaul of the financial markets since the Great Depression— was created to provide increased preventive regulation in order to strengthen the financial markets in case of another 2008-type crisis. … Read more

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VISION – Chapter One – VISION

July 2, 2015

by Leonard E. Read Note- Frequent readers of BANKNOTES are aware of my relationship with Leonard E. Read and my admiration for his works during his lifetime. In the following issues I will be sharing his book, VISION, one chapter per month. It was written in 1978. What a privilege … Read more

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The Meaning of Financial Repression

July 2, 2015

JUNE 1, 2015 — Mark Thornton We live in a world of massive monetary inflation and extremely low interest rates. Mortgage rates are near historic lows and yet it seems that people cannot get loans. Home sales are up, but with a near record percentage of sales made with cash, … Read more

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Why Do We Celebrate Rising Home Prices?

July 2, 2015

May 23, 2015 Ryan McMaken Originally published on Mises.org Note: The views expressed on Mises.org are not necessarily those of the Mises Institute. In recent years, home price indices have seemed to proliferate. Case-Shiller, of course, has been around for a long time, but over the past decade, additional measures have … Read more

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