It’s a Wonderful Bank Run


We all remember that famous scene in the James Stewart movie,”It’s a Wonderful Life” where Stewart’s character, George Bailey, is trying to calm a panicking crowd in his Building and Loan. It would have it that the film’s evil character, Mr. Potter had started a rumor that Bailey’s Building and Loan was “illiquid”, that it…

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History Rhymes: A Look At Deutsche Bank


Many a free marketeer has made projections as to when this bubble infested economy may implode. Some rely on the weakening purchasing power of the world’s currencies as central banks devalue their currencies at an ever accelerating rate. Others look eastward as China begins to compete with the western central banking status quo. We see…

Trump, Tariffs and Trade


I recently critiqued Bernie Sanders’ welfare ideas in the article, “Bernie Sanders’ Welfare Trap”. In the spirit of being fair, this article will address the crazy notion that populist Republican Donald Trump came up with. Namely, a 25% tariff on Chinese produced goods. In this day and age, it’s remarkable how many people still do…

Bernie Sanders’ Welfare Trap


With the ever growing popularity of Senator Bernie Sanders on the Presidential campaign trail, I thought it would be high time to discuss the concept of the social safety net. Bernie Sanders touts, ad nauseam, the importance of the government to step in and help the poor in our society. Although it may seem altruistic…

The Ins and Outs of Title Loans


There has been much maligning of the short-term loaning practice known as Auto Title Loans and Payday Loans. Some US states have even outlawed the practice of Payday Loans, comparing the practice to “loan sharking”. It is my opinion that this is misguided. When a consumer has no credit or bad credit, where are they…

Death by Taxes: The Elites


In the previous installment of the Death by Taxes series, we learned about Beardsley Ruml’s contribution in establishing the withholding tax. This most influential of unknown people in American history deserves a closer look. He had some important things to say about why we pay federal income taxes that may surprise you.