BankNotes Archive – July 2016

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BankNotes Articles from July 2016

Brexit: Individualism > Nationalism > Globalism

July 4, 2016

by Jeff Deist Decentralization and devolution of state power is always a good thing, regardless of the motivations behind such movements. Hunter S. Thompson, looking back on 60s counterculture in San Francisco, lamented the end of that era and its imagined flower-child innocence: So now, less than five years later, … Read more

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A Stark Choice

July 4, 2016

by Yuri Maltsev Today we have two presumptive candidates and it is obvious to anyone with the ability to think clearly that Trump’s opportunity cost is Hillary. It is not Gary Johnson or any other candidate. Whether you dislike his style, his arrogance, or whatever else you cannot stomach about … Read more

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Seeing the State for What It Is

July 4, 2016

by Matthew McCaffrey Why is it so difficult to explain the problems government creates? Despite centuries of logic and evidence, well-intentioned people on both the left and right still insist that government is the solution to all our woes. Public policy always rests on violence or the threat thereof. We … Read more

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Why Socialism Will Always Fail

July 4, 2016

by Ludwig von Mises The director wants to build a house. Now, there are many methods that can be resorted to. Each of them offers, from the point of view of the director, certain advantages and disadvantages with regard to the utilization of the future building, and results in a … Read more

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Fascism: A Bipartisan Affliction

July 4, 2016

by Ron Paul If neoconservatives and progressives truly understood fascism, they would stop using the word as a smear term. That is because both groups, along with most political figures and commentators, embrace fascist ideas and policies. Fascism’s distinguishing characteristic is a “mixed economy.” Unlike socialists and communists who seek … Read more

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The Keynesian Blessing: Americans Are Broke

July 4, 2016

by William L. Anderson Writer Neal Gabler recently “confessed” his “secret shame” in an Atlantic Monthly article on how a huge percentage of middle-class Americans are living beyond their means, existing paycheck-to-paycheck, and are mired in personal debt. He writes: I never spoke about my financial travails, not even with … Read more

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The Rise of Government and the Destruction of Liberty

July 4, 2016

By Paul A. Cleveland If you ask people today if they value freedom they will invariably tell you that they do. Regrettably, based upon their preferred government policy proposals, that assertion cannot be true. I am often surprised at how little people think about the nature of government and the … Read more

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VISION – Chapter 13 – QUOTH THE RAVEN, “EVERMORE”

July 4, 2016

For men may come and men may go, But I go on for ever. -TENNYSON Suppose you were one of those who seek public acclaim as an “intellectual.” How would you proceed? Would you not contrive brief, catchy phrases, slogans and the like which appeal to the millions who do … Read more

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Don’t Confuse the Declaration of Independence with the Constitution

July 4, 2016

by Ryan McMaken In a video making the rounds in social media last week, conservative author Mark Dice performs a series of man-on-the-street interviews to show how most Americans have no idea what Independence Day commemorates. The punch line comes at the end when Dice finds a young woman who … Read more

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