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Penny Wise. Time Foolish.

Written by Gary North on December 10, 2016

money-time

The labor theory of value blinded the classical economists, pre-1870. They thought that labor produces value. Then why is a diamond worth so much, even one that someone just happens to see shining in the dirt, which he picks up? Here is economic logic: the expectation of value calls forth the labor and time and […]

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I’ve Been Cheated!

Written by Gary North on December 3, 2016

paul-rockwell

Lew Rockwell made it. Ron Paul made it. But I didn’t. You can read about it here. Some unknown lefty outfit compiled a list of 200 websites promoting what it called the Russian party line. Lefty outfits liked outfits that did this back before the Soviet Union collapsed in 1991 — 25 years ago. But […]

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Economic Reforms to Make America Great

Written by Gary North on December 3, 2016

tax-reform

A couple of friends of mine have proposed lists of economic reforms that Trump would be wise to follow. This list is from Joe Salerno. I have known him since 1974. He is a sensible economist. This list is from John Mauldin. He used to be my business manager in the mid-1980’s. He is a […]

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Textbooks: Marks of a Second Rate Homeschool Curriculum

Written by Gary North on December 3, 2016

textbooks

The typical homeschool mom has been told this: “Beware of online education. Computers are bad!” This is the sales pitch of homeschool curriculum producers that did not see what the Khan Academy would do to education. They do not know how to respond. They have “bet the farm” on Gutenberg, not video-based education. They are […]

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Ticket Price Time Warp in Nashville

Written by Gary North on December 3, 2016

On Friday evening, I went with my daughter, who lives in Nashville, and my wife to see the Roland White Band. I took with me a CD of White’s 1967 performance in the week that he joined Bill Monroe’s Blue Grass Boys. I intended to give it to him. I had been sent a copy […]

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The Myth of a Divided America

Written by Gary North on November 26, 2016

america

Reality Check We are told that the United States is deeply divided today. If only it were true. Let’s talk about some real divisions in American history. The nation was deeply divided in 1775-81, when the non-Canadian North American colonies of the British Empire had a civil war over secession. It produced the only hyperinflation […]

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Challenge: Name the #1 Corrupting Government Program

Written by Gary North on November 26, 2016

corruption

If I were Lew Rockwell, I would schedule the next Austrian Scholars Conference program in terms of this topic: “What government program should we shut down first?” I would contact all of my heavy hitters who like to stand up in front of an audience and throw hand grenades. I would challenge each of them […]

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The Biggest Fool I Have Ever Encountered

Written by Gary North on November 26, 2016

real-id

I have been writing publicly ever since 1958. Over the years, I have received my fair share of letters from crackpots, really stupid people, and people so far beyond the fringe that I wonder how they function. Nevertheless, I have received an email from a man who puts them all to shame. I wrote an […]

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Pareto’s Law vs. Taxation Thieves

Written by Gary North on November 26, 2016

pareto

When honored by the legal code, the principle of equality before the law always produces economic inequality. In contrast, wealth redistribution by politics must begin with inequality before the law. It is impossible to achieve both forms of equality at the same time because people are unequal in their abilities to satisfy customer demand. Defenders […]

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