BankNotes Archive – August 2018

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BankNotes Articles from August 2018

“Taxes Are the Price We Pay to Live in a Civilized Society” – or Are They?

August 1, 2018

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

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Tariffs: Stealing Entrepreneurs’ Profits

August 1, 2018

Doug French New home prices are rising in Las Vegas, with rising costs being blamed. Andrew and Dennis Smith write in the June edition of The Las Vegas Housing Letter, “Rising costs have been one of the key factors cited by home builders when it comes to rising home prices.” … Read more

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PC and the Bureaucratization of the Economy

August 1, 2018

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

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Inflationary Double-Talk

August 1, 2018

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

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The Fact You Can Vote Doesn’t Make Government Abuse OK

August 1, 2018

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

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“Is Life Insurance a Good Investment Right Now?” Part 1 of 2

August 1, 2018

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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Continuing to Ruminate

August 1, 2018

by R. Nelson Nash It is time to re-examine the origin of the word — ruminate.  To do so we will have to understand “Cow Biology”:  A cow has four stomachs. The rumen is the first — and by far — the largest compartment of the stomach of a ruminant from … Read more

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