BankNotes Archive – July 2018

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BankNotes Articles from July 2018

The Myth that Central Banks Assure Economic Stability

July 1, 2018

When it comes to economic booms and busts, not to mention currency instability, there is no greater perpetrator than government-controlled central banking. by Richard M. Ebeling The world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, especially during the last one hundred years. The … Read more

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Why Unschoolers Grow Up to Be Entrepreneurs

July 1, 2018

by Kerry McDonald Almost by definition, entrepreneurs are creative thinkers and experimental doers. They reject the status quo and devise new approaches and better inventions. They are risk-takers and dreamers, valuing ingenuity over convention. They get things done. It shouldn’t be surprising to learn that many unschoolers become entrepreneurs. Able … Read more

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How to Captivate an Audience One Person at a Time

July 1, 2018

As with most things, to really have an impact, you need to create exceptional value for someone. by James Walpole How can a speaker captivate the attention of an audience? Psychologist Jordan Peterson might suggest that this is the wrong question. He writes in 12 Rules for Life (a recent read of … Read more

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Nations Don’t Gain or Lose from Trade, Individual Traders Do

July 1, 2018

A “trade imbalance” between countries matters about as much as a “trade imbalance” between tall people and short people. by Robert Higgs Let us define the set of all human beings whose height is greater than 170 cm and less than 180 cm. Call this set A. Now let us … Read more

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Peter Bos and the Road to Freedom

July 1, 2018

David Gordon [The Road to Freedom and the Demise of Nation States. By Peter B. Bos. Free Trade Press, 2015. Xxv + 620 pages.] This remarkable book reflects the author’s enthusiasm for liberty and his vast intellectual curiosity. I propose to discuss only a few of the book’s central insights, … Read more

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Liberty as a Life Philosophy

July 1, 2018

Much more than an idea, liberty is a guiding principle for our lives and interactions in the world. by Lawrence W. Reed Editor’s Note: This essay is drawn from the new, second edition of Lawrence Reed’s book, Are We Good Enough for Liberty? Author’s Note: In a previous essay, I challenged my readers to … Read more

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IBC and Constant Compounding

July 1, 2018

by Robert P. Murphy [Reprinted from the October 2017 edition of the Lara-Murphy-Report, LMR] A common method of showing the public the power of Nelson Nash’s Infinite Banking Concept” (IBC) is to stress its feature of “constant compounding.” In contrast to many other asset classes, dividend-paying Whole Life insurance always … Read more

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