Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
In his little 1944 masterpiece, Bureaucracy, Ludwig von Mises identified the supreme agent in the free market economy: the consumer. The capitalists, the enterprisers, and the farmers are instrumental in the conduct of economic affairs. They are at the helm and steer the ship. But they are not free to shape its course. They are [...]
Continue reading →Every year, the Mises Institute sponsors the Austrian Economics Research Conference. It broadcasts the main speeches online for free. I will be delivering my speech at 5:30 p.m., Eastern Daylight Time. It’s on this topic: “How Come We’re So Rich?” The full details of the conference are here: http://mises.org/events/167
Continue reading →Remnant Review The best description of the reversal of fortune is Mary’s Magnificat, recorded in the Gospel of Luke, chapter 1, verses 46-55. “He hath put down the mighty from their seats, and exalted them of low degree” (v. 52). This was a fundamental theme in the Old Testament. We are told that those who [...]
Continue reading →Gary North’s Reality Check (Nov. 16, 2012) On January 7 of this year, I wrote an article on the idealism of younger voters who flocked to Ron Paul’s campaign for the Republican Party’s nomination for President. It is posted here: http://www.garynorth.com/public/8940.cfm. My opinions have not changed. I am convinced that there is a bond between [...]
Continue reading →You may have seen the Keynes vs. Hayek rap video. Over 3,000,000 people have. Here is an example of a popular culture format — rap videos — being put to use for education. I would not have thought of this, but someone in the free market social order did. The economic theories of each economist [...]
Continue reading →George Soros, the muilti-billionaire currency speculator, says that the New World Order will survive in Europe, but only at this price: the establishment of Germany as the arbiter of Europe’s national deficits. Germany will have to bail out the PIIGS and the banks that loaned to them. He does not say where Germany will get [...]
Continue reading →manufactiurtingJapan’s Topix index was back to its 1983 low (695). It was not alone. Across East Asia, stocks crashed today. Only India’s stock market was up today, just barely. Toyota fell 3.% in one day. It reported low U.S. sales. Sony fell below 1,000 yen for the first time since 1980. Hitachi Construction Machinery Co. [...]
Continue reading →A columnist for the London Telegraph admitted that he had a deadline to meet, but he had nothing much to say. Then he proved it. I doubt his audience had any idea what he was talking about when Ron Paul, the US presidential hopeful, declared that “we are all Austrians now”, but you have to [...]
Continue reading →For one week only, I am making available my book on money. It shows how the fractional reserve banking system creates the boom-bust cycle. It shows how the Federal Reserve was set up to keep this system going. Maybe you have been confused about monetary theory. This book will clear things up. Why am I [...]
Continue reading →This joke has it right. Question: A Greek, an Italian and a Spaniard walk into a bar. Who picks up the tab? Answer: The Americans. The author understands how the financial markets work. The Europeans will pay for their bankers’ stupidity. So will we. MF Global was just the beginning. And then there is the [...]
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