==> Carlos and I discuss the mechanics of whole life insurance policy loans, and in particular some of the intricacies in how Nelson Nash describes being an “honest banker” with your IBC system.
==> In 1958 Mises gave lectures in Argentina. This one concerns migration barriers and the flow of capital. Very relevant.
==> I can’t even remember what led me to this, but check out my tips for activism in the age of the Internet, a piece that I wrote for LewRockwell.com back in the day. This was a stage in my life where I still tried to be eloquent, as well as educational.
==> Joe Salerno corrects today’s Keynesians who try to use Wicksell for their nefarious projects. For shame!
==> Bernanke is against Brexit (duh), but he adopts an interesting way of doing the costs and benefits: He says UK will be poorer because of trade barriers, and then says they won’t gain from reduced regulations since EU will insist on retaining the regs in order to get access to markets. Well, OK, it *could* turn out like that, but he gives us no argument why it should be so. Especially when you factor in that trade barriers make EU countries poorer, it’s not obvious why UK would lose that bargain.
(Make sure you get what I’m saying: Bernanke is saying Brexit is going to hurt, since EU will retaliate with high trade barriers. But then he throws out the one possible economic benefit–namely, freedom to ignore EU regulations on business–by saying UK will have no choice but to accept those regulations, in order to maintain access to EU markets. See the balancing act for that stance?)
==> Speaking of Brexit, here’s me speaking of Brexit (radio interview last Friday).
==> Von Pepe sent this ZeroHedge article which charts the S&P index against the Fed’s balance sheet. Hmm that sounds vaguely familiar…
==> Sumner responds to my review of his book. If you first read my review, then Scott’s reply, is there anything left for me to discuss? I’m happy to continue the discussion but only if you think it’s worthwhile.
==> I know some of you like it when I brawl with random people in the comments at other blogs, kinda like Jordan walking by an outdoor basketball court and being challenged by some punk. Well, here ya go. And if you want an example of what I meant when I said Scott has been nodding and winking thatTrump was Hitler, here’s an example. (However Scott tells me that was a joke, and I believe him. So Scott’s nuanced position is that Trump has traits like the German dictator, but is not by himself that kind of a threat because–Scott says–Trump is not competent enough to do that much damage.)