BankNotes Archive – August 2020

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BankNotes Articles from August 2020

Nelson Nash’s Becoming Your Own Banker: PART II Lesson 1 Understanding Parkinson’s Law

August 4, 2020

Content: Page 28, Becoming Your Own Banker Fifth Edition We have completed the easy part of learning how to be your own banker through the use of dividend-paying life insurance. Now, we must face the difficult part – overcoming the human problems. To do so, it all seems to start … Read more

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IBC and Whole Life: Process versus Platform

August 4, 2020

By Robert P. Murphy In early February [2014] , Carlos and I were very pleased to participate in the annual Infinite Banking Concept “Think Tank” held in Birmingham, Alabama. Unlike the “Night of Clarity” event that Carlos and I hold each year in Nashville—and by the way, the dates for … Read more

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“Pandemic Pods” Make Homeschooling Easier For Parents and Profitable for Teachers

August 4, 2020

This tumultuous back-to-school season has parents and teachers alike scrambling to make sense of the madness: from ever-changing district directives to COVID-19 response protocols. Some school systems have announced that the academic year will start with remote-learning-only. Others are pursuing partial reopening options with both online and in-person instruction. Still … Read more

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The Social Consequences of Zero Interest Rates

August 4, 2020

Pascal Hügli Listen to the Audio Mises Wire version of this article. Anyone who has ever been to Japan knows: Japan is special. The country has many strange habits. The Japanese culture is simply different and many peculiarities are hardly understood in the West. But it’s not only the old established traditions that are … Read more

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Inflation: This Time Is Different

August 4, 2020

Alasdair Macleod Bank lending is contracting, and it is important to understand why. At this stage of the credit cycle, which began expanding following the aftermath of the Lehman crisis over a decade ago, a sharp contraction of bank credit to nonfinancials is normal. It is what drives periodic recessions, … Read more

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The Only Long-Term Solution to a Bust Is to Rebuild Savings

August 4, 2020

Frank Shostak Once an economy falls into a recession some commentators express concern that as a result there is now nonutilized capital and labor. Resources that can be used are now made unemployed. It is held that the key issue behind this is insufficient demand for goods and services. Once … Read more

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The Myth of the Failure of Capitalism

August 4, 2020

Ludwig von Mises [From The Clash of Group Interests, and Other Essays, translated by Jane E. Sanders]1 The nearly universal opinion expressed these days is that the economic crisis of recent years marks the end of capitalism. Capitalism allegedly has failed, has proven itself incapable of solving economic problems, and so mankind … Read more

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