BankNotes Archive – July 2017

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BankNotes Articles from July 2017

The Distinct Difference of IBC Practitioners

July 3, 2017

by L. Carlos Lara [Reprinted from the December 2014 edition of the Lara-Murphy-Report, LMR] There exists today a type of financial professional that is set apart from among the ranks of the three-quarters of a million licensed financial experts in the U.S. and Canada. These individuals may be attorneys, CPAs, … Read more

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Any of These 3 Bubbles Could Be about to Burst

July 3, 2017

Moral hazard, easy money, and cheap credit have never produced good results. History is littered with examples of financial disaster brought about by monetary manipulation originating in central banks and then spreading to other parts of the system. One would think that the 2007/8 credit crisis, whose effects have not … Read more

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You Don’t Need Government to Help You Skip College

July 3, 2017

How long could you the reader go without using Google, Amazon, Wi-Fi, or the supercomputer (a.k.a mobile phone) that sits in your pocket? Odds are most would be on edge rather quickly. The late 1990s are fondly remembered as a boom period. Even so, a rather primitive version of Amazon … Read more

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Richard Cantillon Is Sleepless in Seattle

July 3, 2017

by Doug French A Seattle resident told me last night she counted 50 high-rise construction cranes in her hometown. Seattle developer Kevin Daniel provides confirmation, “Seattle is definitely the pretty girl on the dance floor.” It turns out “there are currently 13 high-rise apartment or condo buildings of at least … Read more

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VISION – [The Final] Chapter 25 – HUMILITY: THE REMEDY FOR EGOMANIA?

July 3, 2017

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 … Read more

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General Lee Speaks: Had it Figured Out

July 3, 2017

— by Fred Reed “The consolidation of the states into one vast empire, sure to be aggressive abroad and despotic at home, will be the certain precursor of ruin which has overwhelmed all that preceded it.” Robert E. Lee The man was perceptive. Amalgamation of the states under a central … Read more

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The Human Mind Cannot Fathom the Full Cost of War

July 3, 2017

“I hate war as only a soldier who has lived it can, only as one who has seen its brutality, its futility, its stupidity.” – Dwight D. Eisenhower I’ve never killed anyone. My war experience – my lack thereof – does not entitle me to speak about war. I have … Read more

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It’s Time to Privatize Our Stockpile of Crude Oil

July 3, 2017

The Trump Administration is reportedly considering plans to sell off about half of the Strategic Petroleum Reserve (SPR), which is the federal government’s nearly-700 million barrel stockpile of crude oil. Such a move would help ease the budget crunch (bringing in about $17 billion at current oil prices) but would … Read more

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