BankNotes Archive – December 2015
BankNotes Articles from December 2015
There’s No Such Thing as Excessive Profits
Problems with a “Fair Rate of Return” By Robert P. Murphy If you want to do business in Venezuela, you will have to let the government do your bookkeeping to make sure you aren’t making too much. Venezuelan president Nicolás Maduro’s decree, called the “Organic Law of Fair Prices,” sets … Read more
Read MoreThanksgiving Is a Celebration of Free Enterprise
By Kent Dillon November 26, 2015 Judy Thommesen [Every year at Thanksgiving-time I resurrect a column written by a fellow teacher, Kent Dillon, about the real reason we celebrate this holiday. It is a story no longer told in the textbooks because it is thoroughly unPC, and undermines the idea … Read more
Read MoreNo More “Free Trade” Treaties: It’s Time for Genuine Free Trade
Ferghane Azihari & Louis Rouanet It is erroneous to believe that free traders have been historically in favor of free trade agreements between governments. Paradoxically, the opposite is true. Curiously, many laissez-faire advocates fall into the government-made trap by supporting “free-trade” treaties. However, as Vilfredo Pareto stated in the article … Read more
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