Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on July 2, 2016
I posted a video on high-income retired state employees. A self-righteous, self-pitying government employee was incensed. You cannot be talking about me or any of my fellow government victims. In 2003, a hundred or so of us, wotking for the Superintendant of Document, the US Government Printing Office, the Bookstore Branch, were pushed out of […]
Continue reading →Written by Gary North on June 25, 2016
This will amaze you. It amazed me, and I have watched this kind of thing for 40 years. The gravy train is thick for some of the participants. All good things must come to an end. The Great Default will end it. But in the meantime. . . .
Continue reading →Written by Gary North on June 18, 2016
“You can’t legislate morality!” How many times have you heard that one? Too many, I’ll bet. Have you ever sat down and thought through the implications of this humanist slogan? Does anyone really know what it means? We all know how it’s used: to try to reduce support for a proposed law that the complainer […]
Continue reading →Posted on June 11, 2016
The Big White Elephant is on life support but not for much longer. Airbus Industries, its parent EADS and the governments who continue to subsidize its production can no longer justify its continuity at the expense of the European tax payer. A rapidly shrinking customer base and less than a hand full of customers who […]
Continue reading →Posted on June 4, 2016
Recently, I have been thinking about how much life has changed in the last three quarters of a century and how much of that change is influenced by the bureaucracies and federal agencies that hold sway over almost every facet of life in America today. I have come to the conclusion that we live in […]
Continue reading →Written by Gary North on April 23, 2016
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 […]
Continue reading →Written by Gary North on April 16, 2016
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 […]
Continue reading →Written by Gary North on April 16, 2016
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. […]
Continue reading →Written by Gary North on March 12, 2016
My friend and former business manager John Mauldin has become an economist. I hate to see this. He is a good analyst. He is a good commentator on business trends. His site is a veritable clearing house of insights of famous market analysts. But now he has wandered astray. He has become an economist. His […]
Continue reading →Written by Gary North on March 12, 2016
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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