BankNotes – July 2015

In the economic world today we hear the words, “recession” and/or “depression” used regularly to describe a downturn in economic activity. There have been booms and busts in the economy throughout all history. Graphs are presented that illustrate the highs and lows over a period of time.

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BankNotes – June 2015

Have you ever noticed that we all are completely surrounded with noise in our daily lives? Even as I write these words I can easily hear the noise my computer is making and there is the noise that the keyboard makes each time a key is stroked. There is the noise that our air conditioning system makes.

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BankNotes – May 2015

Perhaps due to it not being as readily quantifiable as government taxation, debt, welfare, and money creation; regulation has too often been superficially dealt with. In many ways, the largely “hidden tax” of regulation is a bigger threat to liberty, economy, and morality than other weapons of forceful government intervention.

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BankNotes – April 2015

Surely, by this time in your life, you have a deepseated feeling that there is something fundamentally wrong in the financial world today. There is debt of unbelievable proportions! There is confused thinking that results in irrational behavior as a matter of course.

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BankNotes – March 2015

One of the great debates today between left and right is whether government stimulus is worth it. The left says “yes, early and often.” And the right says “only in the right circumstances.” Unsurprisingly, both left and right are completely off — stimulus is the quickest way to impoverish an economy.

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BankNotes – February 2015

The IBI Board of Directors consisting of Carlos Lara, Robert Murphy, David Stearns, and, begrudgingly Nelson Nash, voted unanimously to rename the institute. We made the initial announcement at the annual IBC Practitioners Think Tank held last week. The institute’s new logo is based on the flame of knowledge, and integrates the letter “N”. With the change, we codified our mission and vision statements.

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BankNotes – January 2015

Radio talk show host Dave Ramsey has made a national name for himself guiding people out of debt. I occasionally listen to his show (Ramsey and I both live in Nashville), and I applaud much of what he tells his listeners. In particular, Ramsey stresses the importance of having a specific budget and communicating with one’s spouse about money.

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BankNotes – December 2014

There is a reason for our mess. We are now reaping the bitter harvest of the poisonous seed sowed intermittently during the past. We are experiencing bad effects whose causation can be traced to the employment of wrong means. We suffer the natural consequences of our folly, which proves once again that the universe is rational. To state this in another way, if improper methods did not lead to failures, we would really have a problem.

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BankNotes – November 2014

Very few Americans have paid enough close attention to the particulars of a law that began to be formulated shortly after the financial crisis of 2008 and was ratified January 21, 2010. This lack of awareness on the part of the public is certainly understandable. First of all, you don’t see much of it in the news and, secondly, who would want to take the time to read it or struggle trying to understand it?

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