BankNotes Archive – March 2018

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BankNotes Articles from March 2018

Something To Ponder

March 5, 2018

by R. Nelson Nash There is a great video named Banking With Life, produced by James Neathery of Alvarado, TX. It’s less than sixty minutes long and features a dozen or more personalities who are economists or financial people, including yours truly. Early in the video is Dr. Paul Cleveland, … Read more

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Economists and the Emergence of Antitrust

March 5, 2018

02/23/2018 Thomas J. DiLorenzo Although most economists today favor stricter antitrust regulation, from the 1880s until the 1920s the economics profession expressed nearly unanimous opposition to antitrust. When Sanford Gordon surveyed professional journals in the social sciences and articles and books written by economists before 1890, he found, “A big majority … Read more

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Be Prolific. And Don’t Agonize Over Things Outside Your Control.

March 5, 2018

by Zachary Slayback Indefatigable. Adjective. Of a person or their efforts. Persisting tirelessly. Life Can Weigh You Down You can’t control much in your life. You can’t control how others will react to your work. You can’t control the weather. You can’t control economic downturns. You can’t control the price of … Read more

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Fake Women and Phony Interest Rates

March 5, 2018

02/15/2018 Doug French While the world stresses about #metoo, Trump’s tweets, and other cultural nonsense, the latest Grant’s Interest Rate Observer is blunt about “the most consequential prices in capitalism — interest rates…” Rates are “stuck under the bureaucratic thumb.” There is no mystery or debate, “It’s as plain as meatloaf that something … Read more

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Bastiat Knew the Proper Limits of Government Force

March 5, 2018

by Frank Hollenbeck High school students in the United States are usually required to take a course in government. They learn about the structure of government but rarely discover the appropriate role of government or the justifiable limits for the use of force in our society. If they did, one … Read more

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New Book’s “Case Against Education” Is a Persuasive One

March 5, 2018

by Logan Albright It’s common to hear politicians wish aloud that everyone should have access to a quality college education. As rhetoric, it sounds lovely, but as in many a fairy tale, there’s good reason to be careful what we wish for. Bryan Caplan’s new book, unflinchingly titled The Case … Read more

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Bye-bye Bismarck

March 5, 2018

by Antony P. Mueller Implementing social security systems and providing so-called welfare and social justice as governmental goals have become the outstanding features of the State since the late 19th century. Germany in particular is a case worth studying. This country was a pioneer in creating a comprehensive system of … Read more

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Mercantilism as the Economic Side of Absolutism

March 5, 2018

Murray N. Rothbard [This article is excerpted from An Austrian Perspective on the History of Economic Thought, vol. 1, Economic Thought Before Adam Smith.] By the beginning of the 17th century, royal absolutism had emerged victorious all over Europe. But a king (or, in the case of the Italian city-states, … Read more

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