LMR – February 2016

Saving—the concept of putting away a portion of what we produce in order to increase our means of production—has gone completely out of favor in the present century. Today we live in a world of only spending and speculation. In that sense Keynesianism has fully blossomed on a global scale.

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LMR – January 2016

It has been said many times before— the real threat to the U.S. will not come from abroad. Public consent is the all-prevailing power that will stir the nation this way or that. If we are to have any influence over the thinking of the people and redirect their present course we will need to convince a large portion of them that our way is the best.

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LMR – December 2015

These are no-nonsense words for all of us to reflect on. The unavoidable certainty of death is not only true, but its exact time of arrival is also unknown, making this unique event of life all the more perplexing. Yet regardless of what the future may bring in the interim, we cannot withdraw from the necessities of the moment.

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LMR – November 2015

If there was one thing we could say with regards to socialism that would cause people to rethink socialism’s entire ideology and reject it, we would point to its inability to calculate or appraise anything. It has no means for testing. Without this one ingredient in the fabric of society, how could anything worthwhile ever be produced?

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LMR – October 2015

What is Money? Wealth is bread for the hungry, clothes for the naked, and shelter from the storm. It is education, independence, dignity, confidence, and charity. Wealth is the honorable result of labor and exchange. Money is not wealth. Nearly everyone gets this confused.

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LMR – September 2015

As we discussed the tumultuous drops in the stock market, R. Nelson Nash—founder of the Infinite Banking Concept (IBC) and author of Becoming Your Own Banker—remarked that the shocked Americans hadn’t really “lost” any of their retirement savings, because the market values of these assets had been fictitious.

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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.”

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LMR – July 2015

One would think that the average rational person could easily see, not only the destructiveness of war, but also its pointlessness. What sound thinking human being would even want to go to war? Yet wars never seem to leave us. What is behind this eternal madness? Here is a clue.

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LMR – June 2015

“Actions speak louder than words.” This familiar slogan has been with us for a very long time, possibly since the beginning of reason. It is so easily understood by most of us that it is practically indisputable. We can give voice to much, but our actions certainly demonstrate our true intentions; they testify that humans have desires and these wants are made visible by our choices.

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LMR – May 2015

The caged bird sings
with fearful trill
of the things unknown
but longed for still
and his tune is heard
on the distant hill for the caged bird
sings of freedom
“The Loneliness of the Long Distance Runner” is a story about an angry unemployed young man from a
poor working class family in the 1950s who comes to realize that the creation of the welfare state was
essential for creating a mass consumption economy in order to control the masses.

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