Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
In 1945, economist F. A. Hayek wrote what turned out to be a classic paper on how decentralized knowledge is made available to the public by means of the free market. He argued that most knowledge is decentralized, and the free market allows people who own such knowledge to reap profits from this ownership. There [...]
Continue reading →Susan Hamill, a professor at the University of Alabama Law School, has argued in the Alabama Law Review that the Bible says the federal government should tax rich people at 50% of income, plus state and local taxes. If this sounds like Left-wing propaganda to you, you’re with me. This is the Social Gospel, but [...]
Continue reading →The eighth grader in West Virginia who was arrested when he wore an NRA T-shirt is facing a $500 fine and a year in jail. I don’t think he will serve any time. He already received a 12-year sentence: public school education. The NRA T-shirt stands for National Rifle Association. If I were his father, [...]
Continue reading →The governors of Texas (no state income tax), South Dakota (no state income tax), and South Carolina have all made sales pitches to Connecticut’s gun manufacturers. Move, they have pleaded. Don’t stay in Connecticut, where you are not appreciated. The great advantage of federalism is that if one state’s legislature decides to take away your [...]
Continue reading →“I want Snowden here by noon. Have Lester cover the CIA hearings. And give the White House to Doris.” This bit of dialogue in Network, the black comedy written by Paddy Chayefsky, appears about 9 minutes and 45 seconds into the movie. This introduces us to the working day of a news team of a [...]
Continue reading →A Bloomberg story reports on the unwillingness of major central banks to make clear what their policies are, what their targets are, and what their timing is. Bond rates are rising in the United States and Japan. In Europe, the head of the central bank, Mario Draghi, has reversed himself. He promised “we will do [...]
Continue reading →Last Thursday afternoon, the Senate was briefed in a closed hearing by the NSA, CIA, FBI, and assorted spying agencies. Only 47 of the 100 Senators showed up. They flew home instead. It was Father’s Day weekend. The Senate is not all that concerned. It puts up the money for these agencies. The CIA and [...]
Continue reading →Back in 1977, Lew Rockwell, who was then editor of Private Practice, assembled three teams of physicians from Great Britain, Canada, and Australia, plus some economists, and sent them on a two-week tour. I was one of them. We spoke in 12 cities in 14 days. Our target audience was physicians. Our message: to get [...]
Continue reading →President Obama has promised to send military aid to the rebel forces in Syria. Senator McCain and ex-President Clinton both had publicly chastised Obama for hesitating. On Tuesday evening, Clinton warned Obama that he risked looking like a “total wuss” and a “total fool” if he continued to sit to the sidelines. On Wednesday, Obama [...]
Continue reading →On January 1, Capitol Hill will lose its 75% health insurance subsidy. The members and staffers will be thrown overboard into the shark-infested waters of Obamacare — the health care exchanges (which still do not exist). If they get out before January 1, they can save jobs in private industry that cover them. The exodus [...]
Continue reading →