BankNotes

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

August 2016 BankNotes

Let Kids Buy What They Want “Sweetheart, I think you’re making a terrible decision. However, I am not going to stop you.”

July 2016 BankNotes

Don’t Confuse the Declaration of Independence with the Constitution

June 2016 BankNotes

Young America is suffering a quarter life crisis.The job market is in the dumps and has been for as long as millennials can remember.

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