Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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, […]
Continue reading →Written by Gary North on April 3, 2013
Goldman Sachs has dropped Apple off its list of must-own companies. Goldman-Saschs is not alone. Why? Because the company has ceased to offer hot new products. When Steve Jobs died, I said this would happen on October 11, 2011. You can read my article here. Here is what I wrote: What goes up eventually falls […]
Continue reading →Written by Gary North on April 3, 2013
The CEO of J. C. Penney just had his pay cut by 98%. How much will he be paid? About $2 million. This means he was being paid over $50 million. Why did anyone think he was worth this much? He ran the struggling company’s profits into the ground. He ruined its original marketing position […]
Continue reading →Written by Gary North on March 6, 2013
Byron Reese had a goal: to speak at a TED conference. He achieved it. He is an entrepreneur. He has started several companies. One of them, “Expert Village,” he sold to eHow. He had two ideas (pre-YouTube). “First, bandwidth will get cheaper. Second, Americans don’t like to read.” The result: Expert Village. It is a […]
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