BankNotes Archive – February 2019

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BankNotes Articles from February 2019

Ryan [Griggs] Speaks at Nelson Nash Institute Think Tank 2019

February 10, 2019

Scroll to the end to download the slides Ryan Griggs Feb 5 I will present on the topic Why Nelson is an Heir to Menger — Reviving Austrian Capital Theory from the main stage on Wednesday, February 6, 2019. Slides for the presentation are available to view below, and I’ll release the … Read more

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The Government Shutdown Reveals Another Reason to Abolish the TSA

February 10, 2019

The Transportation Security Administration, a federal agency, is facing a no-show problem with employees, as paychecks are put on hold during the partial government shutdown. This is reportedly leading to longer lines and security problems at airports nationwide. According to CNN, Hundreds of Transportation Security Administration officers, who are required … Read more

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The Nash Equilibrium Minimum Wage Is Zero

February 10, 2019

It is only at this final state, of which there does not exist a government-imposed minimum wage level that the system can find its true equilibrium. As the New Jersey legislature and governor debate the details of a hike in the state’s minimum wage to $15 an hour, it is … Read more

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Bastiat Can Help You Understand the Root of Our Disharmony

February 10, 2019

The French economist’s timeless principles on social harmony and government rigidity. Gary M. Galles Amid the hyperbole devoted to the partial government shutdown, Americans have heard the soap opera details of behind-the-scenes jockeying and Twitter smack-downs while being told how dire things are as a result. In fact, with all … Read more

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Why Steve Jobs, not Bill Gates, Was the True Education Visionary

February 10, 2019

Apple’s visionary motto of “Think Different” challenges the status quo, while Microsoft’s “Empowering Us All” may just capture the next incremental change on a well-trodden path. Kerry McDonald When it comes to education reform, there are generally two camps: those who want to improve the existing mass compulsory schooling system … Read more

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George Washington’s State of the Union Address Holds Lessons for the 21st Century

February 10, 2019

It was a time when government knew its limits and its proper place, and the people did too. A few million people will be watching when President Trump delivers his State of the Union Address to a joint session of Congress on January 29. I doubt I’ll be one of … Read more

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The Cure for Poverty

February 9, 2019

Henry Hazlitt [Chapter 20 of The Conquest of Poverty, 1996.] The theme of this book is the conquest of poverty, not its “abolition.” Poverty can be alleviated or reduced, and in the Western world in the last two centuries it has been almost miraculously alleviated and reduced; but poverty is … Read more

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