BankNotes Archive – October 2015

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BankNotes Articles from October 2015

Becoming An Aviator

October 1, 2015

by R. Nelson Nash When I was in the second through fourth grades in grammar school we lived across the road from the airport in Athens, Georgia. I was just a kid who became fascinated with airplanes. Fantasizing what it would be like to be a pilot of one occupied … Read more

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VISION – Chapter Four – The Service Motive

October 1, 2015

by Leonard E. Read Think success, and you will automatically create the circumstances and the movements leading to success — MICHAL LOMBARDI As Ralph Waldo Emerson wrote, “an institution is but the lengthening shadow of one man.” The one man, an outstanding exemplar and practitioner of this thesis, was a … Read more

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The Fallacy of “Buy Land — They’re Not Making Any More”

October 1, 2015

September 16, 2015 by Peter St. Onge “Buy land — they’re not making any more!” is an old investing chestnut, and a common sense one to boot. Economically, it’s also completely false. As counterintuitive as it may seem, we make land all the time. It just doesn’t look like land. … Read more

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The Failed Moral Argument for a “Living Wage”

October 1, 2015

SEPTEMBER 4, 2015 — Ryan McMaken With Labor Day upon us, newspapers across the US will be printing op-eds calling for a mandated “living wage” and higher wages in general. In many cases, advocates for a living wage argue for outright mandates on wages; that is, a minimum wage set … Read more

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Economics Is Dead, and It Is Being Killed Again

October 1, 2015

August 22, 2015 Per Bylund Economics is dead, and economists killed it. What we have seen over the course of the last eighty years is a systematic dismantling of the contribution of economics to our understanding of the social world. Whatever the cause, modern economics is now not much more … Read more

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The Unseen Consequences of Zero-Interest-Rate Policy

October 1, 2015

AUGUST 8, 2015 — Ronald-Peter Stöferle In a dynamic economy, an action not only triggers just one effect, but always an entire series of different consequences. While the cause of the first effect is easily recognizable, the other effects often occur only later and no such recognition occurs. Frédéric Bastiat … Read more

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