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Should American Business Give Up Smoking?

Written by Gary North on February 6, 2016

smokestacks

We have been told that America’s “smokestack industries” are threatened, and that this nation is losing its competitive abilities in the field of heavy manufacturing. I am sure this analysis is correct. Now, why am I supposed to worry about this? Let me ask you a question. Are you worried about America’s loss of competitive […]

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Davos: The Intensive Care Unit of the New World Order

Written by Gary North on January 30, 2016

davos

Every January, the richest people in the world get together to meet at Davos, Switzerland, at the world economic forum. Also present are the best and the brightest in the Keynesian community, whose plane fares and hotel rooms are taken care of. These are the hired hands. Every year, everyone hopes he is going to […]

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Tariffs: The Preferred Tax of Masochists

Written by Gary North on January 30, 2016

tariff

If I were to come to you and say “What this country needs is higher taxes in order to make us all rich,” you would correctly conclude that I had lost my mind or my principles. But if I were to come to you and say, “What this country needs is higher tariffs to make […]

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ObamaTrade Is ObamaCare, But With More Coercion

Written by Gary North on November 7, 2015

obamatrade

Remember this phrase? “If you like your present health care plan, you can keep it.” The President is not even pretending to allow any freedom of choice with ObamaTrade, aka the Trans-Pacific Partnership. ObamaTrade is to trade what ObamaCare is to medical care: a bureaucratic monstrosity. It is 5,544 pages long — 3,500 pages longer […]

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“Free Trade Has Destroyed American Manufacturing.”

Written by Gary North on November 7, 2015

ManufacturingOutput

This criticism of free trade is wrong. To understand why it is wrong, first consider this chart of the per capita output of American manufacturing. It is not a chart that most Americans have ever seen. Economist Mark Perry has provided it. He also provides another chart that shows manufacturing output in the five major […]

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Obama and the TPP

Written by Gary North on October 17, 2015

TPP

I don’t talk a lot about Obama, since he is mostly a cipher. I did not talk much about Clinton, either, for the same reason. They are both talkers. But when it came to making their agendas clear, and then passing them into law, they accomplished little. What did Clinton ever do that we remember? […]

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Christian Economics in One Lesson — Documented!

Written by Gary North on September 26, 2015

Henry Hazlitt wrote Economics in One Lesson in six weeks in early 1946. He was on a tight deadline: a leave of absence from The New York Times. He did not include footnotes. In 1946, there were few materials to footnote. Hazlitt stood alone in the community of financial journalists. Today, there is a wealth […]

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3-D Printing and Factory Jobs

Written by Gary North on September 12, 2015

3d-printing

We have all heard about 3-D printing. A machine that costs around $1,000 can produce copies of some product, even a gun. Over the next three decades, these machines will become more powerful. They will get cheaper. Tens of millions of products will be produced in millions of basement 3-D machines, or else in small […]

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Economic Ideas Have Consequences . . . Indirectly

Written by Gary North on September 12, 2015

david-hume

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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A Defender of Hitler Attacks Me on Tariffs

Written by Gary North on June 27, 2015

self-sufficiency

Adam Smith’s Wealth of Nations (1776) was written to refute mercantilism’s economics of regulated foreign trade. Still, we find conservatives who say they favor the free market, yet who adopt the arguments of mercantilism. These people cannot think straight. I mean this literally. They cannot follow economic logic. It befuddles them. They resent those who […]

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