Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
The cost of the 2012 Olympics will be at least £9.3 billion, or $14.5 billion. (1 pound = $1.56) Originally, money from the private sector was to pay for the games, but as the 2008 financial crisis took hold the Olympic project was bailed out costing the British tax payer £5.9bn. The latest government report [...]
Continue reading →The National Institute for Standards and Technology is a bureaucracy that deals with technical standards. It rarely gets any publicity. A Florida Congresswoman is now giving it publicity, all bad. It has a subdivision, the Manufacturing Extension Program. As with most Washington bureaucracies, no one in Congress has heard of it. Well, almost no one. [...]
Continue reading →For their march around the stadium in London, each Olympic participant will shell out about $2,000 to look snappy. The uniforms wee designed by Ralph Lauren’s form. Then they were made in China. O, say can you see? By the dawn’s early light? “Made in China.” This is what happens when federal laws governing hiring [...]
Continue reading →The aroma of marijuana is the aroma of money for police departments. The cops can smell it everywhere. A Virginia man made a wrong turn in Washington, D.C. A cop stopped him. Then the cop smelled marijuana. Anyway, that’s what he told his superiors. He made a search. He found a gun. So, he confiscated [...]
Continue reading →U.S. Immigration and Customs Enforcement is in charge of immigration. That makes sense. What does not make sense is the fact that the outfit is systematically shutting down websites run by Americans. Over the last two years, it has shut down 839 of them. These sites have been selling things. Weird things. Things like jewelry, baby [...]
Continue reading →The free market responds to demand. When a government breaks down, free markets respond. This is happening in Greece. In a town 200 miles north of Athens, a network of bartering townspeople has sprung up. No government agency is involved. No taxes will be paid. An unemployed mother and her daughter are selling jams, vegetables, [...]
Continue reading →Pat Buchanan has it right. The public sector — stolen money for boondoggles — is going broke. San Bernadino is the handwriting on the wall. There will be other city bankruptcies. The politicians and bureaucrats have finally begun to run out of other people’s money. The Federal Reserve will ultimately create more money. But this [...]
Continue reading →You can’t keep a good woman down. You remember Solyndra. It was the solar panel company that went bankrupt, after having had its loans guaranteed by the Obama Administration. It got lots of publicity. This story ought to get lots of publicity, too. A woman who was connected to this failed venture now runs the [...]
Continue reading →Obama has signed an executive order outlining the nationalization of the entire communications system. It is written in bureaucratese. I have no doubt that it was not understood by Obama. It is too detailed. It sets up a powerful new bureaucracy. The language is limited to a national emergency. But an emergency on this scale [...]
Continue reading →San Bernardino, California, a city of 210,00o, has begun the process of declaring bankruptcy. It will soon join Stockton and Vallejo. Stockton is a city of 300,000. A smaller city, Mammoth Lakes, has also filed. Mammoth debt has been shrugged off. San Bernardino had boomed with the housing bubble. The city spent money like there [...]
Continue reading →