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VISION – Chapter 24 – OUT OF EVIL: GOOD!

By Leonard E. Read Note – Frequent readers of BANKNOTES are aware of my relationship with Leonard E. Read and my admiration for his works during his lifetime. In the following issues I will be sharing his book, VISION, one […]

How Safe Are Insurance Companies?

by L. Carlos Lara [Reprinted from the November 2014 edition of the Lara-Murphy-Report, LMR] The financial strength of the life insurance industry is impressive. Compared to commercial banks and investment firms, their solvency record has been nearly faultless even during […]

The Devastating Rise of Mass Schooling

For generations, children learned in their homes, from their parents, and throughout their communities. Children were vital contributors to a homestead, becoming involved in household chores and rhythms from very early ages. They learned important, practical skills by observing and […]

The Pope’s Favorite Straw Man: “Individualism”

by Ryan McMaken Since his election in 2013, Pope Francis has repeatedly attacked what he now calls the “liberal-individualist” or “neoliberal” vision of the world. With last week’s statement to the Pontifical Academy of Social Sciences, Francis has renewed the […]

This Machine Sustains the Good Life

Isabel Paterson (1886–1961) was one of the most erudite and widely educated thinkers to ever grace the world of libertarian ideas. God of the Machine (click that and you can get the entire book instantly for free) is her masterwork. Its contents […]

Don’t Fall Into the Low-Growth Trap

Ruchir Sharma is the latest economist to embrace the popular notion that we – and the rest of the world – are unable to grow as we once did. Supposedly the “global economy has changed in ways that reduce growth,” […]

Why Do People Become Communists, and Why Do They Stick With It?

For as long as I can remember, I’ve puzzled about why people become communists. I have no doubt about why someone would stop being one. After all, we have a century of evidence of the murder, famine, and general destruction […]

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 […]