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Davos: The Intensive Care Unit of the New World Order

Written by Gary North on January 30, 2016

davos

Every January, the richest people in the world get together to meet at Davos, Switzerland, at the world economic forum. Also present are the best and the brightest in the Keynesian community, whose plane fares and hotel rooms are taken care of. These are the hired hands. Every year, everyone hopes he is going to […]

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Pareto’s Pyramid of Performance

Written by Gary North on January 30, 2016

performance-pyramid

Most people believe that second rate performance is fine, and third-rate performance is acceptable. I do not, and I never have. The more important your cause is to you, the more important you think your cause should be to the world. If you represent your cause in a second rate way, you are doing your […]

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The Moral Issue of Honest Money

Written by Gary North on January 9, 2016

money

Because of the nature of the economics profession–“guild” might be a better word–it is necessary to put quotation marks around the words, “honest money.” Economists will go to almost any lengths to avoid the use of moral terms when they discuss economic issues. This has been true since the seventeenth century, when early mercantilistic pamphlet […]

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Socialism Is Dead. Mises Was Right.

Written by Gary North on December 5, 2015

socialism

The twentieth century has witnessed the beginning, development, and end of the most tragic experiment in human history: socialism. The experiment resulted in tremendous human losses, destruction of potentially rich economies, and colossal ecological disasters. The experiment has ended, but the devastation will affect the lives and health of generations to come. The real tragedy […]

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Sliding Down Laffer’s Curve

Written by Gary North on November 28, 2015

LafferCurvePoints

I favor flat taxes: the principle of the tithe. There is no “graduated tithe.” The tithe is good enough for God. Ten percent should be more than enough for all the imitation gods — combined — that want to get their hands into our wallets. I favor direct flat taxes on real estate, but only […]

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Consumer Sovereignty vs. Man’s Autonomy

Written by Gary North on November 28, 2015

sovereignty

A few years ago, United Airlines ran television ads that featured the phrase, “you’re the boss.” Passengers in the ads were constantly being told, “You’re the boss”, by all the smiling actors who were portraying the United Airlines employees. One fellow l know always made it a point to inquire on every United flight, “Who’s […]

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Christian Economics in One Lesson — Documented!

Written by Gary North on September 26, 2015

Henry Hazlitt wrote Economics in One Lesson in six weeks in early 1946. He was on a tight deadline: a leave of absence from The New York Times. He did not include footnotes. In 1946, there were few materials to footnote. Hazlitt stood alone in the community of financial journalists. Today, there is a wealth […]

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The Good OId Days Weren’t All That Good, Economically Speaking

Written by Gary North on September 19, 2015

consumer-price-index

“When you shoot from the hip, you risk blowing off an important appendage.” — North’s law of instant criticism Recently, I wrote an article on how the Bureau of Labor Statistics, an agency in the Commerce Department, underestimates the tremendous economic improvements that Americans have enjoyed since 1970. I posted it on GaryNorth.com. Then I […]

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Economic Ideas Have Consequences . . . Indirectly

Written by Gary North on September 12, 2015

david-hume

In the year 1750, the greatest philosopher in the world was the Scotsman, David Hume. Toward the end of the century, the philosopher who replaced him as the greatest philosopher in the world was Immanuel Kant. Yet, Kant wrote the following: “I freely admit that it was the remembrance of David Hume which, many years […]

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David Stockman’s Burden

Written by Gary North on September 5, 2015

stockman

David Stockman has written the finest piece of financial journalism of our generation: The Great Deformation: The Corruption of American Capitalism. It shows how we got into the mess we are in. Blame the government. Then blame us. It is our government. We must not parrot Flip Wilson’s Geraldine: “The devil made me do it!” […]

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