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Notes on Privatized Banking Through Whole Life, part 1

Carlos Lara is a businessman in Nashville who contacted me out of the blue back (I think) in late summer 2008. He was a student of Austrian economics and saw on one of my books that I also lived in Nashville. It was Carlos who introduced me to Nelson Nash’s concept of “infinite banking,” in […]

Potpourri

* If you want to be a Summer Fellow and join the elite club, look here. * Chip Knappenberger argues that it is far from obvious that late 20th century warming is mostly due to human activity. * Krugman made the point I could not (for reasons of truce). Namely, people recently were making fun […]

Triple Play From Moderate Murphy

These media hits accumulated in my PRI inbox while I was at the Infinite Banking seminar. The op eds ran on different days, and hence do not constitute a true triple play–I know some of you are purists. * In this Townhall article I talk about lessons from Hugo Chavez’ price control experiment. * In […]

Are Consumer Prices Collapsing?!

If you just read the headlines, you would be under the impression that we were once again tottering on the brink of a deflationary cliff. Darn that Fed for raising the discount rate! CNBC says for example: “Core Consumer Prices Show First Drop in 28 Years” (The actual text of the article was fairly neutral, […]

Angus, Thorn in Glenn Beck’s Side, Gives Us the Rest of the Story

I believe this guy is the real deal; the two phones calls sound like the same guy, and everything he says is consistent as far as I can tell. So let’s assume this is legit. Remember “Angus” who called in to Glenn Beck and asked him why he had supported the bailout? If you didn’t […]

Thoughts on the Austin Plane Attack

[UPDATE below.] A couple of readers have asked for my thoughts about the suicide note of the guy who flew his plane into an IRS building. For the purposes of this post, I’m going to assume the basic news reporting is accurate, and that this is really the guy’s suicide note. Apparently the guy had […]

Producer Prices Rise at 18.2% Annualized Rate in January, 4.6% year/year

Now that I’ve got your attention… Yes the BLS reports that after seasonal adjustment, the Producer Price Index for finished goods was up 1.4% just from December to January, which works out to an 18.2% annualized rate. From January 2009 to January 2010, the PPI was up 4.6%. Remember, this is the period of no […]

Postponing Production to Increase Capital Base

Blogging will be sparse for the next couple of days, as I’m at the Infinite Banking Concept symposium in Birmingham. I am the after-dinner speaker tonight, here to talk about my forthcoming book (with Carlos Lara) on Austrian economics and IBC. Also I know something has been screwy with the blog lately. It’s been loading […]