BankNotes Archive – January 2017

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BankNotes Articles from January 2017

IBC Is Not A Gimmick

January 3, 2017

by L. Carlos Lara [The article was originally published in the April 2015 Edition of the Lara-Murphy Report] In April of 1987 a newspaper ad ran in the Wall Street Journal with the following almost unbelievable bold headlines: “All Life Insurance Lets You Provide For Your Children—Ours Lets You Buy … Read more

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5 Ways To Think Like a State

January 3, 2017

Do you notice a pattern when dealing with any aspect of the government at nearly any level? We all have. Experience shows that if something is going to go really wrong, predictably waste your time, annoy you and attack your dignity, and finally just prove to be totally ineffective at … Read more

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Taxation Isn’t Only Theft, It’s Destruction

January 3, 2017

by Mike Rozeff Where the state is, there is the power to tax; for rulers cannot rule without taxation. As Ludwig von Mises wrote: “The funds that a government spends for whatever purposes are levied by taxation.” Or as Murray Rothbard put it: “All state actions rest on the fundamental … Read more

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The Petroleum Industry Saved the Whales

January 3, 2017

12/04/2016 Bill Wirtz At the beginning of the Industrial Age, whales were an important natural resource which humans had been exploiting for centuries. Indeed, the oil that was extracted from whales, notably that from the Physeter macrocephalus, the sperm whale, whose oil was extracted through the nose, had multiple uses … Read more

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VISION – Chapter 19 – WHY SEEK THE LIGHT?

January 3, 2017

Light! Nature’s resplendent robe; without whose vesting beauty all were wrapt in gloom. -EDWARD THOMSON The following doggerel may serve to dramatize the point here at issue: There lived two frogs, so I’ve been told, In a quiet wayside pool; And one of these frogs was a blamed bright frog, … Read more

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Bureaucracy Buries the Human Spirit with Paperwork

January 3, 2017

Bureaucracy Buries the Human Spirit with Paperwork Bureaucrats have a fixation on numbers and rules. Viktor Frankl, a Holocaust survivor, describes this termination point: The emaciated bodies of the sick were thrown on two-wheeled carts which were drawn by prisoners for many miles, often through snowstorms, to the next camp. … Read more

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