BankNotes Archive – November 2019

by L. Carlos Lara This Lara-Murphy Report (LMR) article was reprinted with permission. This and many more articles related to IBC and Austrian Economics are published monthly in the LMR. There is no other way to put it. Americans have been tricked! The hidden process of money creation that artificially … Read more

My older children attend a self-directed learning center for unschoolers a couple of days a week. I love to hear the stories they share about what they do during the day. Classes are offered and are generated based on the young people’s interests, but they are entirely voluntary. Kids can … Read more

by Robert P. Murphy Although the roughly two million affected residents of Northern California are recovering from the rolling blackouts imposed by utility PG&E, the company has warned that these “fire safety outages” may be periodically required for another decade. Naturally, California Governor Gavin Newsom decried the debacle as yet … Read more

by Jacob G. Hornberger The chaos arising from U.S. interventionism in Syria provides an excellent opportunity to explore the interventionist mind.Consider the terminology being employed by interventionists: President Trump’s actions in Syria have left a “power vacuum,” one that Russia and Iran are now filling. The United States will no … Read more

by Llewellyn H. Rockwell Jr. The Free Market 26, no. 2 (February 2005) John Kenneth Galbraith, that insufferable puritan, wrote an odd book in 1958 called The Affluent Society, and it had a huge influence on several generations of anti-market activists. The burden of the book was to brazenly shift the … Read more

by Kevin Baldeosingh Presidential hopeless Beto O’Rourke has been castigated by the Right and the Left and even by atheists for his statement at the October 10 Democratic debate that religious organizations that discriminate against same-sex marriage should have their tax-exempt status pulled. Yet nobody seemed to notice that O’Rourke … Read more

Content: Page 17, Becoming Your Own Banker Fifth Edition Several years ago, I did a study on the spending habits of American families. The results are depicted in the graph on page 17 of the book. Since that time, I have kept an eye on the proportions on income allocated … Read more