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Pareto’s Law vs. Taxation Thieves

Written by Gary North on November 26, 2016

pareto

When honored by the legal code, the principle of equality before the law always produces economic inequality. In contrast, wealth redistribution by politics must begin with inequality before the law. It is impossible to achieve both forms of equality at the same time because people are unequal in their abilities to satisfy customer demand. Defenders […]

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3D Printers vs. Patents

Written by Gary North on September 10, 2016

We know about 3D printing. It is in its primitive phase. Think about this technology 30 years from now. Of course, your guess will look silly in retrospect — primitive. People invent things. They apply for patents. Governments issue them. They grant a monopoly of manufacture for about 15 years. The inventor can license his […]

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Perfectionism, Withdrawal, and Paralysis

Written by Gary North on May 7, 2016

perfectionism

About 25 years ago, I received a letter from a self-professed Christian. He wanted me to buy him. Literally. He offered me the opportunity to buy his lifetime services as an indentured servant. All I had to do was to pay him survival wages in goods and services — no money. Money, you see, was […]

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When Money Fails

Written by Gary North on April 23, 2016

hyperinflation

Money seldom fails, but occasionally, it does. It failed in Germany and Austria 1921-23. It failed in Hungary after World War II. It failed in Zimbabwe in 2008-9, when the rest of the world was in a recession. Here is a famous case of the failure of money: And there was no bread in all […]

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The Free Market vs. Fraud

Written by Gary North on April 23, 2016

free-market

Charles Hugh Smith begins his essay on widespread fraud in the rhetorically correct way: by stating the truth in a list of short observations. This can’t be said politely: the entire status quo in America is a fraud. The financial system is a fraud. The political system is a fraud. National Defense is a fraud. […]

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Monetary Reform: Fiat vs. Market

Written by Gary North on April 16, 2016

free-market

What is fiat money? It comes from “fiat,” which means a formal authorization or proposition or a decree. Synonyms are these: edict, order, command, commandment, injunction, proclamation, mandate, dictum, diktat. It is an arbitrary order. The phrase “fiat lux” comes from Genesis 1:2: “Let there be light.” Fiat money is the money issued by a […]

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The Free Market vs. Fraud

Written by Gary North on April 16, 2016

free-market2

Charles Hugh Smith begins his essay on widespread fraud in the rhetorically correct way: by stating the truth in a list of short observations. This can’t be said politely: the entire status quo in America is a fraud. The financial system is a fraud. The political system is a fraud. National Defense is a fraud. […]

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