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Is the Terminator Coming? Reflections on Moore’s Law

Written by Gary North on September 15, 2014

moore's-law

Moore’s law: the number of transistors per square inch on a chip doubles every [??] months. The number of months gets shorter, decade by decade. The pace has accelerated since 1965, when Moore made his observation. It may be as low as 12 today. The cost of information keeps dropping. It gets less, decade by […]

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The Advantage That Austrian Economists Enjoy

Written by Gary North on August 15, 2014

mises

A GaryNorth.com site member asked for advice on books that introduce people to the logic of the free market economy. He wanted books on economics, which in the point of view of this website, would be books on the free market economy. One of the tremendous advantages that we possess, and which the Keynesians do […]

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A Dialogue on Social Justice

Written by Gary North on July 14, 2014

walter-williams

What Is social justice? Economist Walter Williams has an answer. “I keep what I earn, and you keep what you earn. If you believe that you deserve some of what I earn, please explain why.” Dr. Williams is skeptical about the motives of those people and special-interest groups who demand that politicians and tenured bureaucrats […]

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The Suicide of Communism: The Case for Patience

Written by Gary North on July 5, 2014

communism

At the age of 72, I look back at my life, and I ask a question: “What was the most significant event of my lifetime?” I go back and forth between two events, but in fact they were the same event. The first was the decision of Deng Xiaoping in 1979 to begin to remove […]

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Retrospective: 40 Years of “Remnant Review”

Written by Gary North on May 15, 2014

gary-north

Remnant Review Today is a big day for me. It probably isn’t a big day for you, but it is a big day for me. On this day, 40 years ago, the first issue of Remnant Review was mailed to subscribers. It was a technologically primitive newsletter. Most newsletters were, back in 1974. You can […]

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Why Tenure-Seeking Non-Keynesian Economists Hate Rothbard

Written by Gary North on May 14, 2014

rothbard

In a recent article, I described the tenure-seeking and tenured university economists’ attacks on Murray Rothbard. There is a reason for this hostility: Rothbard embarrasses them. He wrote things like this: The intellectual arguments used by the State throughout history to “engineer consent” by the public can be classified into two parts: 1) that rule […]

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University Economists vs. Rothbard

Written by Gary North on May 13, 2014

rothbard

For over 40 years, I have watched university economists attack Murray Rothbard in print. They never laid a glove on him. They had certain things in common. They never published anything comparable to his book, Man, Economy, and State (1962). They never published anything comparable to America’s Great Depression (1963). They did not publish widely […]

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A Better Measure than GDP

Written by Gary North on April 24, 2014

My friend Mark Skousen for two decades has argued that the GDP statistic is incomplete. It’s misleading as a stand-alone statistic. It’s based on Keynesian demand-side assumptions. What is needed is a supply-side approach. He offered it. Sadly, it was ignored for years. But in an amazing development, the federal government has now adopted it […]

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Quick Observations on Inflation in the 1970′s

Posted on April 24, 2014

money

“Gold bugs” take it for granted that it was no coincidence that the US got hit with stagflation in the 1970′s, because Richard Nixon infamously severed the dollar’s last tie to gold in 1971. Others, however, dispute this connection. So I thought it worthwhile to make a simple case in defense of the gold bugs: […]

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