Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on December 10, 2016
India’s Prime Minister Narendra Modi is just another political hack. Like politicians in general, he does not understand economics. He does not understand the law of unanticipated consequences. He does not understand that government is dumb. On November 8, he unilaterally and without warning declared the two highest value paper currency units obsolete: the 500-rupee […]
Continue reading →Written by Gary North on August 20, 2016
My generation says: “Each of us can remember where he was when he heard about Kennedy’s assassination. I can remember where I was when I heard about Nixon’s killing of the phony gold standard that John Maynard Keynes and the Soviet spy Harry Dexter White designed in 1944. It was a Sunday afternoon: August 15, […]
Continue reading →Written by Gary North on August 13, 2016
He keeps trying. He is always wrong. I begin with a chart of Federal Reserve monetary policy. Since October 2014, the FED has pursued the longest period of monetary stability in the last 30 years. Let’s look at this chart from October 2014 until today. This reveals deflation, not inflation. This is not what is […]
Continue reading →Written by Gary North on April 23, 2016
Money seldom fails, but occasionally, it does. It failed in Germany and Austria 1921-23. It failed in Hungary after World War II. It failed in Zimbabwe in 2008-9, when the rest of the world was in a recession. Here is a famous case of the failure of money: And there was no bread in all […]
Continue reading →Written by Gary North on June 20, 2015
I return to a theme that apparently only I ever talk about: the economic meaning of the phrase, “international capital flows.” You may think I’m exaggerating. You may think that what I am about to write is widely understood. You would be wrong. Either I’m dead wrong about what I’m saying, or virtually the entire […]
Continue reading →Written by Gary North on May 16, 2015
China, meaning China’s central bank — the People’s Bank of China — started buying Treasury IOU’s again in March. It purchased $36 billion worth. It now holds over $1.2 trillion in Treasury IOU’s. China has now leaped ahead of Japan as the #1 foreign holder of U.S. government debt. Add Hong Kong to this: another […]
Continue reading →Written by Gary North on April 7, 2015
Maybe you have heard about the Asian Infrastructure Development Bank. This is the latest boondoggle created by a bunch of communist apparatchiks, mostly in their late 60’s. A lot of them majored in engineering in college. These politicians are working in conjunction with a bunch of Keynesian apparatchiks at the People’s Bank of China, who […]
Continue reading →Written by Gary North on January 30, 2015
Six weeks ago, I ran this headline: Russia: A Depression Draweth Nigh. The central bank of Russia had just hiked the interest rate to 17%. There was no question in my mind what would happen next. Now the economic blind men who make decisions at the Russian central bank have belatedly figured out that my […]
Continue reading →Written by Gary North on January 28, 2015
In hard-money circles, we hear this story all the time: “China and Russia are creating a new world currency.” This is the dumbest story in hard-money circles. Really, it’s imbecilic. The people who argue this way are saying that a fiat currency run by Commie apparatchiks, when combined with a fiat currency run by ex-Commie […]
Continue reading →Written by Gary North on January 26, 2015
What does a photo of an Asian woman with no underwear have to do with World War III? Nothing. What does the photo have to do with luring men to read an ad that supposedly is about World War III have to do with making money? Everything. Here is the ad’s headline and photo. This […]
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