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TPP–NAFTA on Steroids

Written by Gary North on May 16, 2015

The vote on the Trans-Pacific Partnership could come in the House this month. This 800-page monstrosity must be stopped by the House if it is not to be signed into law. Senate Democrats caved this week. The Republicans overwhelmingly supported it. It has major liabilities in the surrender of rights of free speech and publishing. […]

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IOU’s: China Buys Treasury Debt

Written by Gary North on May 16, 2015

treasury-bond

China, meaning China’s central bank — the People’s Bank of China — started buying Treasury IOU’s again in March. It purchased $36 billion worth. It now holds over $1.2 trillion in Treasury IOU’s. China has now leaped ahead of Japan as the #1 foreign holder of U.S. government debt. Add Hong Kong to this: another […]

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Spilt Milk: Inefficient Milk Producers Fight the Free Market

Written by Gary North on April 1, 2015

milk-producers

For over 200 years, inefficient farmers in Europe have battled the free market, which favors efficient farmers. Meanwhile, inefficient American farmers have for 80 years demanded price supports from Congress to deal with efficient American farmers. Farmers are the bulwarks of government bailouts and subsidies. On April 1, the European Union ended import quotas on […]

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Right to Work Law . . . in Wisconsin!

Written by Gary North on February 27, 2015

scott-walker

How can this be? I grew up hoping to see union power curtailed. I was a big fan of libertarian legal theorist Sylvester Petro, even before I met him at the Foundation for Economic Education in 1971. His books on illegitimate union power in the 1950’s were like oases in the desert. He was John […]

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“Pay Us to Hold Your Money” — Swiss Central Bank

Written by Gary North on December 19, 2014

swiss-central-bank

The Swiss National Bank has announced that if you buy Swiss francs, you must pay a rate of interest. This is a negative interest rate. Why did the SNB do this? To persuade foreigners not to buy Swiss francs. Why? To keep the value of the Swiss franc low. This is mercantilism, pure and simpleton. […]

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“Illegal Immigrants Steal Americans’ Jobs.”

Written by Gary North on December 17, 2014

american-jobs

This is another cliché of protectionism. I keep adding more, here: http://www.garynorth.com/public/department162.cfm The logic of economics applies across borders: county, state, and national. Deny this, and you deny economics. Conservatives deny economics. They promote tariffs and import quotas across national borders, but not state and county borders. Ludwig von Mises had a word for this: […]

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Bad News for Somali Kidnappers: Cargo Ships Without Crews

Written by Gary North on September 12, 2014

cargo-ship

The free market is relentless in cutting costs. Next up: cargo ships without crews. Think of what this will do to Somali pirates. They can’t steer the ships. They can’t kidnap anyone. Their little boats cannot carry huge containers. Think of the unemployment this will create in Somalia. Here is a Third World nation, desperately […]

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Cuban Tariffs: “Bad!” American Tariffs: “Good!”

Written by Gary North on September 1, 2014

cuba-america

Cuba is officially Communist. So, Americans know that the government’s regulations are bad for the people. They understand that Communist government regulations increase the poverty of families, who face much harder times. “Fidel Castro is a bad guy. So is his kid brother.” So, when they read of import restrictions like these, they know for […]

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How Loud Does Money Talk? Proposed Time Warner and Comcast Merger Could Show

Posted on April 15, 2014

time-warner-comcast

A study recently released by Frontiers of Freedom suggests that in the Obama administration, money talks. The paper insists that crony capitalism is behind many of the Justice Department’s decisions when it comes to approving or rejecting mergers, and that “friends” of the Administration stand to gain enormous financial “gifts” in return for their generosity. […]

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