LMR – August 2015

Claude Frederic Bastiat (1801-1850), the renowned French debater in the Austrian School tradition, was both enlightening and humorous in his description of credit. From the very beginning of his discourse he makes us smile by saying that its entire basis is “an optical illusion.”

BankNotes – August 2015

C. Northcote Parkinson (1909 – 1993) was an interesting British naval officer who left us some valuable insights into human behavior. His sense of humor makes for good reading. His little essay, Parkinson’s Law, written in 1955, tells us “Work expands to fill the time available for its completion.”