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Interest-Only Loans

By L. Carlos Lara [Reprinted from the March 2018 edition of the Lara-Murphy-Report, LMR] The World Population Clock1 is currently registering 7.6 billion people on the planet. Among those 7.6 billion people, Forbes2 has identified only 2,208 individuals who are […]

Why Fractional Reserve Banking Poses a Threat to Market Stability

05/04/2018Robert P. Murphy On April 16, 2018 I participated in a debate with George Selgin, hosted by Gene Epstein’s Soho Forum. I was arguing in the affirmative for the resolution: “Fractional reserve banking poses a threat to the stability of market […]

Work in the Private-Law Society

By Michael S. Rozeff A private-law society has no government safety net. In 2011, the Congressional Research Service found that the federal government had 83 welfare programs that were costing over $1 trillion. Welfare is the largest component of government spending. […]

7 Lessons Business Owners Can Learn from Austrian Economics

Fernando Monteiro D’Andrea Apart from dealing with government intervention, understanding markets is probably the most challenging task of any business owner or entrepreneur. It was for good reason that Ludwig von Mises insisted that economists and institutions that teach economics go […]

Saving — not Spending — Is the Engine of Economic Growth

Frank Shostak Most economists concur with the view that what keeps the economy going is consumption expenditure. Furthermore, it is generally held that spending, rather than individual saving, is the essential condition for production and prosperity. Savings is seen to […]

Want to Be Valuable? Study History. Here’s Why

In a globalizing economy, the study of history is more relevant than ever. by Maarten van Doorn Albert Einstein is supposed to have said: Never memorize what you can look up in a book.” In Einstein’s days, books were unequaled […]


by R. Nelson Nash Let’s begin this pondering session with a definition of the term statism. Statism is the principle or policy of concentrating extensive economic, political, and related controls in the state at the cost of individual liberty. A […]

Why the NNI?

Carlos Lara and Robert P. Murphy At the February 2013 IBC Think Tank, the Infinite Banking Institute was launched. It was not a brand new entity, but instead it marked a more formalized structure through which Nelson Nash’s Infinite Banking […]