Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
On March 1, a piddly reduction of spending is scheduled to take place. It’s not $1 trillion. It’s $1 trillion over a decade. The annual deficit is running $1 trillion, as usual. The thought that there will be a piddly $100 billion in spending cuts and tax hikes has the President terrified. “We cannot cut [...]
Continue reading →“I’m from the government, and I’m here to help you.” Run. We know what’s coming. The government will find lots of risks for Americans. Next step: a program to offer government-guaranteed retirement bonds tied to the dollar. They will pay maybe 3% — guaranteed! Then these bonds will be made compulsory. Then consumer prices will [...]
Continue reading →Of the ten richest counties in the USA, seven surround Washinton, D.C. The richest, Louden County, has a median household income of $119,000 a year. That’s more than Silicon Valley. The Washintgon Post reports: The stability of an economy built on the pillars of the federal government, its legions of contractors and a flourishing high-tech [...]
Continue reading →A photographer discovered filing cabinets filled with old photos of Detroit’s Cass Tech High School. The school had been abandoned. He pieced together photos of the very same rooms, then and now. Each photo is a composite. In most cases, the color photos are older. If you want to see what high taxes, government bloat, [...]
Continue reading →I received this inquiry: I have been purchasing 1 oz gold coins over the past several years as central bank insurance, and am beginning to accumulate a substantial amount. After I die, I’m afraid my heirs will immediately exchange this gold for paper currency units, having no idea or care of the gold’s importance. The [...]
Continue reading →There is fear that the fiscal cliff will lead to spending cuts by the government. This will reduce consumer spending, we are told. But will it? Why? There will be no spending cuts. There will merely be a slight reduction in the increase of government spending. We are told that higher taxes will also reduce [...]
Continue reading →Gary North’s Reality Check (Dec. 27, 2012) This article is in the Technology Review. It is typical of an engineer’s view of social problems. Each of the big ones has a technological solution, he says. But they rarely do. The article began with the 1969 walk on the moon. That was the most spectacular and [...]
Continue reading →The local tax-funded school system in Encinitas, California, requires elementary school students to take yoga classes. Christian parents are protesting. This is Eastern religion. It can be, but this looks like a stripped-down version. There are lots of reasons to pull your kids out of the tax-funded schools. Yoga exercises are not high on the [...]
Continue reading →Pat Buchanan thinks that Boehner should have rejected Timothy Geithner’s demand of $1.6 trillion in tax increases. Buchanan did not mention that Boehner responded with an offer of $800 billion in tax increases. Buchanan thinks Boehner is worried about what voters will do if the Republicans refuse to go along, and the economy tanks. He [...]
Continue reading →The Export-Import Bank is a subsidy organization. The federal government guarantees the loans made by foreign banks to foreign importers of American goods. If the importer defaults, the U.S. government bails out the foreign lender. This allocates capital away from profit-seeking firms to government-protected firms. The standard defense is thus: “This costs the government nothing [...]
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