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Is the Terminator Coming? Reflections on Moore’s Law

Written by Gary North on September 15, 2014

moore's-law

Moore’s law: the number of transistors per square inch on a chip doubles every [??] months. The number of months gets shorter, decade by decade. The pace has accelerated since 1965, when Moore made his observation. It may be as low as 12 today. The cost of information keeps dropping. It gets less, decade by […]

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Bad News for Somali Kidnappers: Cargo Ships Without Crews

Written by Gary North on September 12, 2014

cargo-ship

The free market is relentless in cutting costs. Next up: cargo ships without crews. Think of what this will do to Somali pirates. They can’t steer the ships. They can’t kidnap anyone. Their little boats cannot carry huge containers. Think of the unemployment this will create in Somalia. Here is a Third World nation, desperately […]

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No Picket Lines to Cross

Written by Gary North on September 12, 2014

picket-line

When was the last time you saw a picket line? I know: on network TV. I mean locally. When was the last time you went shopping, and you had to cross a union picket line? It has been decades for me. It’s a shame, really. I always enjoyed crossing a picket line when I was […]

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Free Markets: Cheaper Goods, Greater Wealth, Better Jobs

Written by Gary North on September 12, 2014

What is the future of manufacturing? To begin to assess the answer, let us look at a chart of manufacturing throughout the world. This is not just the United States; this is Western Europe, Japan, and the whole world. As you can see, the percentage contribution of manufacturing to total economic production has declined steadily […]

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Video: How to Teach Economics to Your Teenager

Written by Gary North on August 23, 2014

I teach the economics course for the Ron Paul Curriculum. I thought to myself: “How can I make this easier for me?” Because I am really a great guy, I also thought: “How can I make this understandable for my students?” I did the wise thing. I got Bob Murphy to do the heavy lifting. […]

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Video: McCloskey’s Defense of the Free Market

Written by Gary North on August 22, 2014

Prof. Dierdre McCloskey has a unique defense of the free market: the free market as grounded in morality. The free market reinforces goodness. Put differently, the positive sanctions of profit and economic growth reinforce the businessman’s service to customers. Business is therefore morally legitimate. McCloskey is an economic historian. Here is the thesis regarding the […]

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The Commercial Case for Organic Food

Written by Gary North on May 29, 2014

organic-food

I have just seen a very good documentary on the contrast between organic food and agribusiness food in the United States. It is called Fresh. It came out in 2009. I saw it on Amazon. I am an Amazon Prime member, so I watched it for free. Here is a trailer. I have been aware […]

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Illegal Marijuana Market Goes to Pot

Written by Gary North on May 27, 2014

marijuana

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 […]

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