BankNotes Archive – August 2018
BankNotes Articles from August 2018
“Taxes Are the Price We Pay to Live in a Civilized Society” – or Are They?
The state’s hunger for tax revenue and control directly undermines well-intentioned humans’ efforts to be civil to each other by Jairaj Devadiga A common sentiment among proponents of government and centralized authority is that “taxes are the price we pay to live in a civilized society.” In reality, however, the … Read more
Read MorePC and the Bureaucratization of the Economy
by William L. Anderson The recent incident at a Philadelphia Starbucks in which police arrested two black men who were waiting for a friend to join them has stirred a lot of controversy and brought bad publicity to the coffee chain. Facing demonstrations accusing the company of racism, the Starbucks management even … Read more
Read MoreInflationary Double-Talk
by Henry Hazlitt [Newsweek column from May 26, 1952, and reprinted in Business Tides: The Newsweek Era of Henry Hazlitt.] At his press conference on May 8, Mr. Truman, asked whether the chief danger was inflation or deflation, replied that the country had to guard against both: and that was why … Read more
Read MoreThe Fact You Can Vote Doesn’t Make Government Abuse OK
by Ryan McMaken One of the most problematic aspects of the American Revolution — problematic for the state — is the fact that the American war for independence was illegal. According to British law, the secession movement announced at Philadelphia in 1776, and the war fought to defend it, were criminal acts instigated … Read more
Read More“Is Life Insurance a Good Investment Right Now?” Part 1 of 2
by Robert P. Murphy My business partner and coauthor Carlos Lara and I have been warning since the financial crisis of 2008 that the Federal Reserve’s response has merely set us up for another crash. In September 2016 we released a video entitled, “How to Weather the Coming Financial Storms” which outlined our prognosis, and gave strategies for business owners and … Read more
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