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Christian Economics in One Lesson, Conclusion

Written by Gary North on September 19, 2015

Hazlitt’s conclusion, Chapter 24, restated his thesis: the conceptual necessity of following the money in order to consider what an individual would have done with his money, had the state not intervened to “break his window.” It did not ask that most crucial of questions, “What is to be done?” Lenin asked it in 1902, […]

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Henry Hazlitt’s Enormous Contribution

Written by Gary North on September 19, 2015

I started writing Christian Economics in One Lesson in late March. It took Hazlitt six weeks to write Economics in One Lesson in early 1946. If he devoted 40 hours a week, that would have been about 240 hours. It took me under 100 hours to write my book. I had the advantage of having […]

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Economic Ideas Have Consequences . . . Indirectly

Written by Gary North on September 12, 2015

In the year 1750, the greatest philosopher in the world was the Scotsman, David Hume. Toward the end of the century, the philosopher who replaced him as the greatest philosopher in the world was Immanuel Kant. Yet, Kant wrote the following: “I freely admit that it was the remembrance of David Hume which, many years […]

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Why Capitalism Will Win

Written by Gary North on August 29, 2015

In the first week of January, 1950, Harvard economist Joseph Schumpeter was completing the final edits of a manuscript which he had delivered as a speech on December 30, 1949. The title was: “The March into Socialism.” He died before he finished the editing. The article became a classic. It was reprinted in the third […]

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Christian Economics in One Lesson: Chapter 12

Written by Gary North on June 20, 2015

The Drive for Exports And the LORD spake unto me, saying, Ye have compassed this mountain long enough: turn you northward. And command thou the people, saying, Ye are to pass through the coast of your brethren the children of Esau, which dwell in Seir; and they shall be afraid of you: take ye good […]

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Longshoremen’s Nightmare: Robotic Container Loading

Posted on June 13, 2015

Giant new container handling cranes have recently arrived at the Long Beach Container Terminal in California, awkwardly perched aboard a Shanghai Zenhua Shipping (ZPMC) heavy lift vessel. The new cranes have a maximum outreach of 226 feet which allows them to reach over container ships carrying containers 24 across (side by side). They are large […]

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Wal-Mart Pick-Up Points: Robots

Written by Gary North on June 6, 2015

Amazon has a major problem: the cost of deliveries. Its $99 Prime membership helps to defer some of this expense, but basically, delivery costs are a major weakness in Amazon’s model. Amazon at some point will move to on-site pick-up. Buyers will drive to a nearby location to pick up their stuff. First, Amazon must […]

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Christian Economics in One Lesson, Chapter 7

Written by Gary North on May 16, 2015

The Curse of Machinery And Pharaoh commanded the same day the taskmasters of the people, and their officers, saying, Ye shall no more give the people straw to make brick, as heretofore: let them go and gather straw for themselves. And the tale of the bricks, which they did make heretofore, ye shall lay upon […]

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Christian Economics in One Lesson, Chapter 6

Written by Gary North on May 9, 2015

Credit Diverts Production He that is surety for a stranger shall smart for it: and he that hateth suretiship is sure (Proverbs 11:15). The older term, surety, is not widely used today. The term today is this: co-sign. The warning is still as valid today as it was in the days of Solomon. Do not […]

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