Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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The Wall Street Journal ran an article about a company that has been issuing pieces of paper that looks like play money. It can be used to get discounts on the company’s product line: tires. It has been doing this for half a century. It says there are $100 million in “money.” It is so [...]
Continue reading →Around the USA, thieves are stealing bottles of liquid Tide. I did a Google search for these three words: liquid Tide theft. I got a lot of hits. The thieves could steal anything. Why are they stealing Tide? Because Tide functions as a black market currency. To function as currency, a commodity needs the following: [...]
Continue reading →The World Trade Organization is a bureaucracy that vetoes national economic policies. In theory, it is powerful. In fact, it is toothless. Any nation can pull out of the WTO. It can set its own policies. The WTO has no army.It cannot invade. It can tell other nations to impose trade restrictions on a non-cooperating [...]
Continue reading →Here is a man bites dog story. The Caterpillar Company has closed a Canadian plant and has moved back to the United States. The union in Canada refused to take a 50% pay cut. So, it will now take a 100% pay cut. This is great for American workers. It is fitting for union members [...]
Continue reading →The Wall Street Journal ran an article on the Bible and capitalism. It’s not too bad for a short piece. I have been working on this since 1960. I am finishing up the final proofreading of my 31 volumes on this. I can say that the rabbi has it right. The Bible defends private property [...]
Continue reading →If you sell anything for a living, use this as a model of how not to run a business. My wife wanted to find a dentist for us. We have not been to one since we moved to Georgia in 2008. checked with Angie’s list. She said this dentist’s office had high ratings. I don’t [...]
Continue reading →China is the fastest growing large economy in history. One man’s decision did this: Deng Xioping’s decision to free up agriculture in 1978. But how did he know this would work? Because there was a test case — a kind of social laboratory. The farmers in a small village decided to secretly abandon Communism and [...]
Continue reading →Mitt Romney said that Bain Capital had to fire people after it bought unprofitable companies. He has been attacked savagely by his opponents for that practice. But Ron Paul came to his defense. Why? Because he believes in the free market. Speaking Tuesday on Laura Ingraham’s radio show, Paul said his GOP rivals former House [...]
Continue reading →Go Daddy is a fabulously profitable company. It registers web domain names. Its management made an expensive mistake. It came out in favor of the SOPA program, whereby the U.S. government can shut down websites without a hearing or trial — theft, pure and simple. No due process. No 4th amendment. An outfit launched a [...]
Continue reading →Jon Corzine will spend the next five or ten years and a lot of his fortune paying lawyers. MF Global’s former clients will do their best to get him to pay for the losses imposed by MF Global, but it is unlikely that they will get anything. Still, they will impose great pain on this [...]
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