Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Posted on January 21, 2015
By Tony Sagami I’ve been self-employed since 1998, and let me tell you, the life of a business owner isn’t easy. It’s filled with long hours, a relentless amount of paperwork, and uncertainty over where your next paycheck will come from. If you’ve ever owned a business, you know exactly what I’m talking about. Difficult […]
Continue reading →Written by Gary North on December 17, 2014
If the price oil fell to $3 a barrel, and it stayed there for 10 years, that would be a good thing. What if this led to massive unemployment in the oil industry? That would be a good thing. But isn’t the primary task of a free market economy to balance supply and demand? Yes, […]
Continue reading →Written by Gary North on October 16, 2014
What I write here is an extension of Ludwig von Mises’s little book, Bureaucracy. We do not know the future with much precision. Therefore, everyone is to some extent an entrepreneur. An entrepreneur is a person who buys low and sells high. He forecasts the future, devises a plan to deal with the future, and […]
Continue reading →Written by Gary North on June 9, 2014
My friend Murray Rothbard was a great economist. He did not do it for money. He did his greatest work when he was a teacher at a school that did not pay him well, and which offered no economics major: Brooklyn Polytechnic. It put food on his table. He created a movement in his spare […]
Continue reading →Written by Gary North on May 27, 2014
Pot growers in Mexico are going bankrupt. Prices have fallen 75%. Why? It has been legalized in two states: Colorado and Washington. The price of pot has fallen 75%. This is basic economics. Competition drives down prices. But how? How does all that legal pot in two states get to other states? By car. Someone […]
Continue reading →Posted on March 13, 2014
Actually, it would be King Digital Entertainment Plc, the company that makes the hit mobile game that would benefit the most from its plans to go public later this month: On Wednesday, King Digital revealed that it has set a price range of $21 to $24 a share for the 22.2 million shares involved in […]
Continue reading →Posted on February 18, 2014
Scientists have shown how a fusion reaction can extract more fuel from nuclear material than was put into it, a key step towards hope of harnessing the power of the stars to provide cheap, bountiful energy.
Continue reading →Posted on February 18, 2014
King, the maker of the popular mobile game Candy Crush, just filed to raise $500 million in an IPO. Here’s the F-1 filing. Their growth numbers are insane. Here are the key numbers. Note the revenue chart. In Q4 2012, total revenue was $71 million. A year later, that jumped to $632 million. And the […]
Continue reading →Posted on February 15, 2014
Amazon’s recent statement that it’s contemplating raising the price of its free-two-day-shipping membership program by $20 to $40 from its current $79 annual rate has ignited a firestorm of sorts and led to a UBS stock downgrade on Wednesday that cited concern that a significant percentage of existing Prime members won’t renew at a higher […]
Continue reading →Written by Gary North on May 23, 2013
Samsung is the dominant producer in the smartphone market today. Apple is falling behind. In second place in China is Lenovo, not Apple. Which market is the market of the future? The USA or Asia? I knew this would happen. I said so in 2011. Samsung uses the Android operating system. Android is the future, […]
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