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China’s Economy Is Slowing

Written by Gary North on February 2, 2015

chinese-economy

Around the world, economies are slowing. This includes China. Keynesians are terrified of price deflation. The idea that consumers should benefit from falling prices is anathema to them. They are horrified at what is happening. They want central banks to inflate even more. The risk of global deflation looms large for 2015 as surveys of […]

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India’s Economy Is Slowing

Written by Gary North on February 2, 2015

indian-economy

As always, the Keynesians want lower interest rates on short-term loans. Rates are lower than they have been since the 1930’s, but this is not low enough for Keynesians. They want more central bank inflation to force down rates. They think another fraction of a percentage point cut will get the world’s economy growing strongly […]

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Photos from North Korea

Written by Gary North on January 30, 2015

KHC

These photos are amazing. A tour guide shot them. They were legal. These are places where tourists are allowed to go. The people photographed are wealthy by North Korean standards — middle class by ours. What is unexpected is how Western they look. There is no question that “the good life” that comes to the […]

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Videos: Traffic Without Traffic Lights

Written by Gary North on January 9, 2015

In the West, we cannot imagine urban traffic control without traffic signs and lights. But the following testifies to the viability of voluntary, free market arrangements. These are sped-up videos of traffic congestion without traffic lights. At normal speeds, it’s even easier. Liberals simply cannot imagine this. Libertarians can imagine it, but they have not […]

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Christians in China Outnumber the Communists

Posted on December 30, 2014

Though the Chinese Communist Party is the largest explicitly atheist organization in the world, with 85 million official members, it is now overshadowed by an estimated 100 million Christians in China. It is no wonder Beijing is nervous and authorities are cracking down on Christian groups. Christianity is growing so fast in China that some […]

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Keynesianism + Central Bank Counterfeiting + Aging = Stagnation

Posted on December 26, 2014

Japanese drew down savings for the first time on record while wages adjusted for inflation dropped the most in almost five years, highlighting challenges for Prime Minister Shinzo Abe as he tries to revive the world’s third-largest economy. The savings rate in the year through March was minus 1.3 percent, the first negative reading in […]

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Tsunami + Keynesianism + Sharia Law = Stagnation

Posted on December 26, 2014

After the peace came $7.2bn of relief funds from international donors and the Indonesian government in one of the world’s biggest and most complex disaster reconstruction efforts. It left Aceh with some of the country’s best roads and hospitals, 140,000 new homes and 1,400 new schools. The funds also gave a big boost to the […]

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China’s Communist Regime vs. the Hackers

Written by Gary North on November 21, 2014

china-and-hackers

In an article about the Chinese government’s massive firewall to restrict social media in China, the following statistic was reported: there are 1.4 billion Chinese, and 632 million of them are online. I would not place too much credence in the specificity of these figures, but the general estimates are probably correct. Something in the […]

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