BankNotes Archive – March 2020

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BankNotes Articles from March 2020

How Fractional Reserve Lending Makes Money Disappear

March 11, 2020

by Frank Shostak According to the popular way of thinking, it is held that banks are responsible for the expansion of lending also known as credit, and given that economic prosperity is associated with an increase in credit, they are seen as crucial to the economic well-being. But are banks … Read more

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When It Comes to Raw Power, Few Have More of It Than Central Bankers

March 11, 2020

by Per Bylund A common retort to the claim that in voluntary exchange both parties expect to become better off (or they wouldn’t do it) is that exchanges are seldom, if ever, a matter of horizontal, equal exchange of values. Instead, any such interaction between people is ultimately a matter … Read more

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Nelson Nash’s Becoming Your Own Banker – PART 1 Lesson 11: Creating Your Own Banking System Through Dividend-Paying Whole Life Insurance

March 11, 2020

Content: Page 21 Becoming Your Own Banker Fifth Edition At this point it is worthwhile to remember that “you finance everything that you buy,” whether you like the idea or not – you either borrow money from some other source and pay them interest or you use your own money … Read more

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Rose Wilder Lane Is Now More Relevant Than Ever

March 11, 2020

by Gary Galles March is Women’s History Month. Among the women who have been remembered and honored, however, one who has clearly not received enough attention is Rose Wilder Lane (daughter of Laura Ingalls Wilder). Among the past century’s most ardent proponents of liberty, she developed the inseparable connection between life and liberty … Read more

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Norman Vincent Peale’s Timeless Advice: Take Charge of Your Own Life, First

March 11, 2020

Dr. Norman Vincent Peale’s ideas are especially important today, when envy and jealousy seem to permeate much of our politics. by Lawrence W. Reed “The more jealousy one has in his nature, the more critical he is of those who have accomplished things. If you are critical and mouthing negativisms … Read more

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