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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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Want Less Segregation? Shrink the State

Written by Gary North on May 24, 2014

segregation

“Birds of a feather flock together.” This rule governs our social relationships. It does not govern our economic relationships. This pair of facts is unfortunately not understood very well. Sociologists do not understand this paradox. Economists do, but they rarely emphasize it. THE CHURCH Let me give an obvious example. Most Americans attend churches with […]

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General Mills Eats Some Humble Pie

Posted on April 21, 2014

cheerios

General Mills, maker of Cheerios, Yoplait and Pillsbury food products, is asking customers for forgiveness, but any appeasement may not come as quickly as the company might hope for. The public apology came in a company blog post published on Saturday and penned by spokeswoman Kirstie Foster, after a New York Times article on April […]

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