BankNotes – June 2014

How Inflation Drinks Your Milkshake And why it is, as Mises called it, “the most radical revolutionary institution in the world.”
In the denouement of the film There Will Be Blood, the antihero Daniel Planview dramatically reveals to his nemesis that he has secretly siphoned away all of the latter’s underground oil.

LMR – June 2014

The Great Deformation. Such is the title of David Stockman’s New York Times bestseller. Stockman explains his book’s purpose in the following way: “This book argues…that what is at hand is the “Great Deformation.” Free markets and prosperity are deeply imperiled because the state and its central banking branch have failed miserably due to overreaching, overloading, and outside capture.