BankNotes Archive – April 2018

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BankNotes Articles from April 2018

Continuing to Ponder and Ruminate

April 2, 2018

by R. Nelson Nash In last month’s issue of BankNotes newsletter, I wrote an article entitled Something to Ponder. As a result, for all month long, I have been doing a lot of pondering and have concluded that this is a vast undertaking that should be practiced by everyone. Why … Read more

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Why Banking Is No Ordinary Industry

April 2, 2018

by Ryan Griggs Have you ever wondered what you ought to do with the money you make? If so, you aren’t alone. Recent college graduates, many of whom have had little to no experience in managing an income, find themselves in the awkward position of having to do something with … Read more

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Trade Deficits and Fiat Currencies

April 2, 2018

Robert P. Murphy [Originally published March, 2010.] There is a connection between fiat currencies and trade deficits, and many cynics have argued that the US dollar’s status as global reserve currency allowed Americans to consume more than they produced for decades. However, this “deficit without tears” argument is sometimes overstated. … Read more

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3 Economic Fallacies That Just Won’t Die

April 2, 2018

In any academic discipline, one can find two types of experts: those who are incapable of explaining complex ideas in a simple manner; and those capable of making the difficult look easy. This year marks the 25th anniversary of the death Henry Hazlitt, one of the few economists who belongs to the … Read more

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Trade and the Rise of Freedom

April 2, 2018

Thomas J. DiLorenzo [This speech was delivered at the Mises Institute’s conference on “The History of Liberty.”] It is not an exaggeration to say that trade is the keystone of modern civilization. For as Murray Rothbard wrote: “The market economy is one vast latticework throughout the world, in which each … Read more

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The Looming Mortgage Liquidity Crisis

April 2, 2018

Doug French Every 10 years or so there is a banking crisis. We are due. However, the furthest thing from most people’s minds with the Trump boom is a banking/financial crisis, except for a few folks at the Brookings Institution, who just released a paper entitled “Liquidity Crisis in the Mortgage … Read more

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Why Passionate Educators Should Consider Leaving Academia

April 2, 2018

Professors and teachers: The best way to increase the quality and engagement of students is to separate your instruction from accredited institutions. Offer your instruction to excited customers in the market!   Don’t complain about low-quality students; they’re not there for you and mostly don’t care about your ideas. They’re … Read more

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How the Founder of Dell Convinced His Parents It Was OK to Quit College

April 2, 2018

Michael Dell shared the first ever financial statement from Dell on Twitter today and said that it’s “the one I used to convince my parents that it was OK for me to not go back to college.” Though we won’t all be the next Michael Dell, I think he makes an … Read more

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