Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
“I’ll be seeing you in all the old, familiar places.” There is a scene in Minority Report where Tom Cruise enters a shopping mall, and there are ads welcoming him. They invite him to buy something. Everyone entering that mall is greeted. It’s here. Stores are now installing cameras in billboards that recognize us, then [...]
Continue reading →In a straight-party vote, House Republicans yesterday voted to repeal ObamaCare. Two Democrats voted with them. The Senate will not pass this bill. It has no chance of becoming law. What matters is whether the House will be Republican in 2017, along with the Senate, and with a Republican in the White House. Then we [...]
Continue reading →Europe is in a recession. France is in recession. Greece has been in recession for six years. Cyprus has been in recession for three years. Germany just barely pulled out this month. Spain has 27% unemployment. It’s getting worse in Europe. Yet this is where Keynesianism is supposed to work best. There are welfare states. [...]
Continue reading →The figure for first-time jobless claims — unemployment insurance claims — jumped to 360,000 last week. Anything above 350,000 is considered poor job growth. The figure had been below 330,000 the week before. The trend had been down. There were lots of stories on “happy days are here again.” Then, without warning, the figure wiped [...]
Continue reading →Bitcoin has been promoted as digital money, an alternative to fiat money. The company’s owner’s will now get to test their theory. Their fiat money just got frozen by the federal government. The Feds seized Bitcoin’s bank account. Everyone with any understanding of the U.S. government knew that something like this would happen. Maybe the [...]
Continue reading →The business editor for the Huffington Post says that IRS was right in treating Tea Party groups differently. (The phrase “business editor” for the Huffington Post is an oxymoron.) I love liberals. They make such great targets! What about the rule of law? Ignore it whenever you can inflict damage on your ideological opponents! FDR [...]
Continue reading →Anything below 50 is a recession indicator. The optimism index rose to 44 in May, up from 41 in April. The last time it was above 50 was in April 2006. It bottomed at 8 in January 2009. “I’ve been down so long, it looks like up to me.”
Continue reading →Michigan’s Buena Vista — “Good View” — school district in Michigan shut down this week. It is out of money. Some teachers say they will teach for free. But will all of them do this? In any case, it’s illegal. Michigan doesn’t allow it. The state cut funding by $3 million, due to declining enrollment. [...]
Continue reading →Gary North’s Reality Check Over half a century ago, Ludwig von Mises made a crucial observation. The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between [...]
Continue reading →I did a Google search for these three words: abortionist blackout media. I got 54,000 hits. They were stories about the convicted murderer Kermit Gosnell, who has wisely decided not to appeal his case in exchange for a life sentence rather than the death penalty. There is no question that the pro-abortion media dropped this story [...]
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