December 2016 BankNotes
Why Does Propaganda Work? There’s a principle in hypnotism that goes like this: A person cannot be hypnotized against his will. He must be a willing subject. He must be fully cooperative
November 2016 BankNotes
One of the most widely accepted propositions among political economistsisthe following: Every monopoly is bad from the viewpoint of consumers. Monopoly is understood in its classical sense to be an exclusive privilege granted to a single producer of a commodity or service, i.e.,
October 2016 BankNotes
There is No Such Thing as Trickle-Down Economics. Critics of liberalism and the market economy have made a long-standing habit of inventing terms we would never use to describe ourselves.The most common of these is “neo-liberal” or “neo-liberalism,” which appears to mean whatever the critics wish it to mean to describe ideas they don’t like
September 2016 BankNotes
The Republican and Democrat Party Conventions are now behind us. But through all the cheers and jeers, hoopla and poopla, warnings of a dark and dangerous future or promises of a bright and beautiful shapeof-things-to-come, one of the most serious shadows hanging over America was hardly mentioned at all: the unsustainability of the “entitlement” programs … Read more
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