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When Money Fails

Written by Gary North on April 23, 2016

hyperinflation

Money seldom fails, but occasionally, it does. It failed in Germany and Austria 1921-23. It failed in Hungary after World War II. It failed in Zimbabwe in 2008-9, when the rest of the world was in a recession. Here is a famous case of the failure of money: And there was no bread in all […]

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Monetary Reform: Fiat vs. Market

Written by Gary North on April 16, 2016

free-market

What is fiat money? It comes from “fiat,” which means a formal authorization or proposition or a decree. Synonyms are these: edict, order, command, commandment, injunction, proclamation, mandate, dictum, diktat. It is an arbitrary order. The phrase “fiat lux” comes from Genesis 1:2: “Let there be light.” Fiat money is the money issued by a […]

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The Free Market vs. Fraud

Written by Gary North on April 16, 2016

free-market2

Charles Hugh Smith begins his essay on widespread fraud in the rhetorically correct way: by stating the truth in a list of short observations. This can’t be said politely: the entire status quo in America is a fraud. The financial system is a fraud. The political system is a fraud. National Defense is a fraud. […]

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Was Joseph an Immoral Leader?

Written by Gary North on March 12, 2016

joesph

And Pharaoh said unto Joseph, I am Pharaoh, and without thee shall no man lift up his hand or foot in all the land of Egypt . . . And Joseph went out over all the land of Egypt. And Joseph was thirty years old when he stood before Pharaoh king of Egypt. And when […]

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Liberty’s Greatest Enemy Today

Written by Gary North on February 6, 2016

liberty

I am a conservative. I am a conservative by way of three phenomena that have linked together American conservatives since about 1920: (1) anti-Communism; (2) free market economics; (3) conservative social theory. I regard the most important world figure of the 20th century as Vladimir Lenin. Had it not been for the assassination of the […]

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The Morals and Economics of Labor Unions

Posted on February 6, 2016

unions

By Rev. Francis Mahaffy The Ten Commandments given by Moses many centuries ago reveal the divine rule that covers man’s relation to his God, to his fellow man, and to the things of God’s creation. Ballvè has defined economics as “The study of human action directed toward the satisfaction of wants by the exercise of […]

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Video: Turning Mediocre into Terrific for an Extra $5

Written by Gary North on January 23, 2016

George Orwell was correct in 1946 when he wrote the following: “To see what is in front of one’s nose needs a constant struggle.” I would add this insight: “If you don’t know what you’re doing, ask for help.” The problem is: the vast majority of people don’t know that they don’t know what they’re […]

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Crushing the Serpent’s Statistical Head

Written by Gary North on January 23, 2016

statistics

There is no doubt that one of the characteristic features of the modern age is the lust for statistics. The business pages of our daily newspapers feature graphs, charts, and columns of figures. Investors wait breathlessly to obtain official word concerning the money supply, economic growth, interest rates, and on and on. To receive advance […]

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Why I Was Inoculated Against Powerball Fever

Written by Gary North on January 16, 2016

powerball

As a matter of principle, I do not gamble. There is a theological reason for this. It is the doctrine of the sovereignty of God. Calvinists have opposed gambling for centuries. Gambling assumes that God is not sovereign; rather, either chance is sovereign or the law of large numbers is sovereign. Neither is sovereign. So, […]

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