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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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World’s Largest Life Insurance Policy Taken Out By California Billionaire

Posted on March 18, 2014

Life-Insurance

An unnamed Silicon Valley billionaire has purchased the world’s most valuable life insurance policy. The San Jose Mercury News reported Saturday that Guinness Book of World Record officials say the $201 million life insurance policy is more than double the previous record. A Southern California financial services company who helped put the deal together declined […]

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Minimum Wage Laws: Litmus Test for Economists

Written by Gary North on February 24, 2014

Minimum-Wage-Laws

I have learned over the last half-century that there are two litmus tests of an economist’s commitment to the idea of voluntary exchange as a means of increasing net productivity and net income. One of them is the doctrine of free trade. The other is the doctrine of minimum-wage legislation as a source of increased […]

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