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Exploitation and Knowledge

Written by Gary North on March 12, 2016

exploitation

The profit motive: everyone knows that the free market economic system operates in terms of the profit motive. The trouble is, hardly anyone understands where profits come from. This includes the businessmen who make them. This failure to understand the source of profits has given a real advantage to the critics of the market. When […]

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Was Joseph an Immoral Leader?

Written by Gary North on March 12, 2016

joesph

And Pharaoh said unto Joseph, I am Pharaoh, and without thee shall no man lift up his hand or foot in all the land of Egypt . . . And Joseph went out over all the land of Egypt. And Joseph was thirty years old when he stood before Pharaoh king of Egypt. And when […]

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Never Give a Keynesian an Even Break

Written by Gary North on February 6, 2016

david-stockman

David Stockman uses the most antagonistic rhetoric against Keynesians that I have ever read. He is merciless. He gives no quarter. That’s why I love to read his articles. Here is a good one. It is on the world’s central bankers, who have driven down interest rates to zero, and have thereby sacrificed the interests […]

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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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