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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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Christian Economics in One Lesson: Chapter 12

Written by Gary North on June 20, 2015

christian-economics

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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Selling America’s Sovereignty for a Mess of NWO Pottage

Posted on June 20, 2015

joel-skousen

By Joel Skousen TRADE AUTHORITY PASSES THE HOUSE WITHOUT WORKER RETRAINING A major loss in US sovereignty hangs in the balance as Congress wrangles over the Trans Pacific trade pact. There is a lot of Democratic opposition over the inevitable job losses these false free trade agreements bring, but they should be more worried about […]

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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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