Ghost Gunner: 3-D Home Gun-Making Machine

Written by Gary North on October 2, 2014

ghost-gunner

It’s here: a $2,000 machine that lets you crank out the core component of a semi-automatic rifle. It’s called the Ghost Gunner. (This is far less controversial than the Brady Bunch.) And, no, there is no stamped number. There is no paperwork required. You don’t have to register the machine with the BATF. We can […]

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High-Output Marriages

Written by Gary North on October 2, 2014

wedding-rings

For most people throughout history, marriage has been the primary means of attaining increased production. The reason is simple: the division of labor. It enables people to specialize. Specialization increases output per unit of resource input. That is how economists describe economic production. I was able to achieve considerable output as a graduate student. I […]

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No More Traders on the NYSE’s Floor

Written by Gary North on October 2, 2014

NYSE

MarketWatch ran an article promising never to have another photo of traders on the New York Stock Exchange. There is a reason for this: there aren’t any. Well, there are a few. But most of them are gone. They have been replaced by algorithms. What has happened to the commodity trading pits has happened to […]

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Law Enforcement: “Stop Encryption — We Can’t Snoop!”

Written by Gary North on October 1, 2014

encryption

The  law enforcement agencies are miffed at Google and Apple for having made it far harder for the snoopers to snoop.  The old law of economics holds up: “When prices rise, the quantity demanded falls.” The feds demand — at the older, lower prices — but no one responds. U.S. law enforcement officials are urging […]

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$777 Billion Deeper in Debt–Fiscal 2014

Posted on October 1, 2014

federal-debt

The U.S. Treasury needed to pay off a record of approximately $7,546,726,000,000 in maturing Treasury securities in fiscal 2013, which ended last Monday, according to Treasury’s official accounting. During the same period, the Treasury turned around and issued another $8,323,949,000,000 in new Treasury securities. The spread between the old debt held by the public that […]

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Federal Regulatory Cost, 2013: $1.9 Trillion

Written by Gary North on October 1, 2014

federal-register

Taxation, regulation, inflation, and war: these are the four horsemen of the federal apocalypse. Cut these, and the state gets smaller. Of these, regulation gets the least attention. Regulation is the heart of the beast, for it operates in secret. It can be found in the pages of The Federal Register: about 80,000 pages, three […]

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America’s Richest: How Will They Give It Away?

Written by Gary North on September 30, 2014

forbes

The Forbes “top 400″ list is out. The same names appear. We know maybe half of them. The others are unfamiliar. Among the 360 also-rans, we know very few. They did not steal their wealth. They made other people’s lives better, or in the case of the Waltons, Mr. Sam did. But think of the […]

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Pension Fund Benefits Are Cut at the Washington Post

Written by Gary North on September 30, 2014

washington-post

The liberal WaPo got bought last year by Jeff Bezos, who runs Amazon. It has just announced a freeze on pension benefits. The sinking ship of print media is doomed. It is a delight to see. All those liberals; so few lifeboats! They had hoped. They had dreamed. They had trusted management. Now they are […]

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Democracy: The Real Deal vs. the Textbook Version

Written by Gary North on September 30, 2014

james-buchanan

James Buchanan won the Nobel Prize in 1986. I started reading him in 1964. He was famous for his criticism of democracy in his book, The Calculus of Consent. He was one of two Nobel Prize winning economists who won the prize after the University of Virginia’s department of economics pressured him to leave. The […]

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