Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
In his little 1944 masterpiece, Bureaucracy, Ludwig von Mises identified the supreme agent in the free market economy: the consumer. The capitalists, the enterprisers, and the farmers are instrumental in the conduct of economic affairs. They are at the helm and steer the ship. But they are not free to shape its course. They are [...]
Continue reading →Gary North’s Reality Check Over half a century ago, Ludwig von Mises made a crucial observation. The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between [...]
Continue reading →You cannot pay to get into this five-session seminar, but about 150 college undergraduates will get into it for free. Mises University is the premier training course on the free market for college undergraduates. It held every summer at the Ludwig von Mises Institute in Auburn, Alabama. Any student who is accepted gets a full [...]
Continue reading →Gary North’s Reality Check The Austrian School of economics in the twentieth century was dominated by Ludwig von Mises. He died in 1973. His followers have divided into two main camps: the Rothbardians and the Lachmannites. They have adopted rival philosophies and rival strategies. The main strategy of the Lachmannites is to get tenure at [...]
Continue reading →. . . . is Thomas Sowell. I first encountered his name in 1967, when I was writing the chapter on Marx’s economics in my first book, Marx’s Religion of Revolution (1968). Sowell had written an article for the American Economic Review in 1960. I did not know at the time that he had written [...]
Continue reading →“Politics makes for strange bedfellows.” This slogan has been around for a long time, probably for about as long as there have been politicians. This observation applies outside of politics. One of the strangest developments over the last 50 years has been a growing social and political alliance of left-wing Jews and left-wing Gentiles on [...]
Continue reading →Gary North’s Reality Check I wrote a critique of Leftist commentator James Howard Kuntsler, who praises local government action to make it illegal to open a Walmart store or any other “big box” store, as he calls them. You can read my critique here: http://www.garynorth.com/public/10717.cfm Kunstler has coined a phrase to describe Tea Party supporters: [...]
Continue reading →Gary North’s Reality Check My objection to Kunstler begins with the title of his website. I choose not to repeat it here. You can click through. http://www.kunstler.com/index.php He is a Leftist. He is a foul-mouthed Leftist. But the main problem with Kunstler is not that he is one more Leftist critic of the free market. [...]
Continue reading →I do not eat much junk food. I haven’t since 1949. In that year, I was put on a rigorous diet by America’s first nutrition physician, Francis Pottenger. I was 7 years old. He got me well. He took me off white bread, refined sugar, and anything resembling junk food. I got well in 18 [...]
Continue reading →Remnant Review The best description of the reversal of fortune is Mary’s Magnificat, recorded in the Gospel of Luke, chapter 1, verses 46-55. “He hath put down the mighty from their seats, and exalted them of low degree” (v. 52). This was a fundamental theme in the Old Testament. We are told that those who [...]
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