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U.S. Government Siezes Bitcoin’s Bank Account.

Written by Gary North on May 16, 2013

Bitcoin has been promoted as digital money, an alternative to fiat money. The company’s owner’s will now get to test their theory. Their fiat money just got frozen by the federal government. The Feds seized Bitcoin’s bank account. Everyone with any understanding of the U.S. government knew that something like this would happen. Maybe the […]

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“Butt Out,” 60% of 18 to 34-Year Olds Tell Federal Government

Written by Gary North on May 9, 2013

Despite a horrendous unemployment rate of 45% for this age group — almost as bad as Spain’s and Greece’s — about 60% of America’s young adults believe that the government should get out of their lives. Even more amazing, half believe that the government is not helping the economy. Two-thirds are favorable to entrepreneurship. These […]

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Dronebusters: Turning Spy Drones into Barney Fife

Written by Gary North on May 1, 2013

An Oregon company says that it has developed a new technology which will prevent drones from “completing their mission.” It will not say how this technology does this. It does not say what it will cost. But it claims that commercial units will be affordable for private homes. The company has applied for a patent. […]

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Miracle Grow for GDP: New Accounting Trick

Written by Gary North on April 29, 2013

The U.S. economy will grow by 3% in July. How do I know? Because a statistician with the government says so, that’s how. How does he know? Because the new accounting methodology guarantees it. Here’s how it works! From now on, money invested in research and development will be counted as an addition to GDP. […]

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Kilowatt Money: Zombie Economics for Naive Conservatives

Written by Gary North on March 20, 2013

Gary North’s Reality Check The conservative movement has always been filled with monetary cranks. This has been true for well over a century. These cranks have never read a book on economics. They have never taken a class in economics. They have zero practical experience in finance. They come before the conservative public and present […]

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Government-Subsidized Transportation: More Demand, Reduced Supply

Written by Gary North on March 11, 2013

In 2012, there were 1.5% more rides on government-subsidized transportation. In response, 80% of all public transportation programs were reduced. This is how government operates at the local level. This information comes from a recent report from the American Public Transport Association. The head of the APTA blames volatile gasoline prices. A 2012 report by […]

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