Obama Bloviates on ISIS. Then He Goes Golfing.

Written by Gary North on August 22, 2014

obama-golfing

On August 20, as news hit about ISIS’s execution of journalist Jim Foley, President Obama gave a speech at Martha’s Vineyard, Massachusetts. He said the following. “Good afternoon, everybody. Today, the entire world is appalled by the brutal murder of Jim Foley by the terrorist group, ISIL.” The President referred to ISIS as ISIL. “Jim […]

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Video: McCloskey’s Defense of the Free Market

Written by Gary North on August 22, 2014

Prof. Dierdre McCloskey has a unique defense of the free market: the free market as grounded in morality. The free market reinforces goodness. Put differently, the positive sanctions of profit and economic growth reinforce the businessman’s service to customers. Business is therefore morally legitimate. McCloskey is an economic historian. Here is the thesis regarding the […]

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“Stop the Presses! Newspapers Are Still Dying!”

Written by Gary North on August 21, 2014

PrintRevenue2011

For a decade, we have read about the squeeze on printed newspapers. One after another, they have merged or gone out of business. Flash! The Financial Times of London has just learned about this. Newspapers are finding their business increasingly challenged as print advertising sales – their traditional revenue powerhouse – decline and readers’ attention […]

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Grenade Launchers in Your State

Written by Gary North on August 20, 2014

grenade-launcher

There is a website that lets you check how much federal military equipment has been transferred to your state and your county. This is for crowd control. We can see how well this is working in Ferguson, Missouri. Click the link.

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Video: When McDonald’s Takes Your Order by Robot

Written by Gary North on August 19, 2014

First, an oldie but goodie. Second, a 15-miniute video on jobs. Before you view it, keep this in mind. The economist has one question above all others: “At what price?” Do you like your job? At what price? Does your employer want you to keep working? At what price? Is your career at risk? At […]

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Recession in 2015 — Levy

Posted on August 19, 2014

david-levy

Just as the US economy strengthens, other countries threaten to drag it down. Employers in the US are creating jobs at the fastest pace since the late 1990′s and the economy finally looks ready to expand at a healthy rate. But sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism […]

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Stealing Your Child’s Mind for $240,000 (After Taxes)

Written by Gary North on August 18, 2014

Would you pay $100,000 (after taxes) for this?   This is from Richard Rorty, an influential academic figure in the late 20th century. He speaks for liberal arts professors everywhere. His life’s goal was to steal our children, and charge parents $240,000 for the privilege. “It seems to me that the regulative idea that we heirs […]

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