Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on December 3, 2013
In 1637, the tulip bulb investment mania peaked in Holland. It had made some people rich. Now it was about to make others poor. Bulb prices rose steadily throughout the 1630s, as ever more speculators wedged into the market. Weavers and farmers mortgaged whatever they could to raise cash to begin trading. In 1633, a […]
Continue reading →Written by Gary North on November 29, 2013
I hereby make a prediction: Bitcoins will go down in history as the most spectacular private Ponzi scheme in history. It will dwarf anything dreamed of by Bernard Madoff. (It will never rival Social Security, however.) To explain my position, I must do two things. First, I will describe the economics of every Ponzi scheme. […]
Continue reading →Written by Gary North on June 5, 2013
This is how to make a promo. It is a promotion for the major libertarian event of the year. This is “the gathering of the tribes.” Are We Rome? FreedomFest 2013 from Smooky on Vimeo.
Continue reading →Written by Gary North on May 30, 2013
Bonds pay little interest, thanks to (1) the Federal Reserve’s QE3 program (2) the banker’s unwillingness to lend and the borrowers’ unwillingness to borrow. Future price inflation will raise rates. Rising rates will lower the market price of bonds. Buffett sees what is coming. He prefers stocks. One plain vanilla promoter of bonds is upset. […]
Continue reading →Written by Gary North on January 29, 2013
Members of the small union that refused to bargain with Hostess are now looking for work. “I guess we showed ‘em.” Yes, they did. They are on food stamps now. They are receiving their unemployment checks from the federal government. The taxpayers are paying for their stand against the capitalists who owned Twinkies. With respect […]
Continue reading →Written by Gary North on January 25, 2013
The chart tells all. From over $700 to $450: this is a disaster. Simple: regression to the mean (RTTM). The poor saps on Wall Street never saw it coming. The funds loaded up. Here was a sure thing. It could not lose. Here is a recent article on what happened: How Apple Ate Wall Street. […]
Continue reading →Written by Gary North on October 9, 2012
Gary North’s Reality Check (Oct. 9, 2012) Most of the academic economists I know were able to retire rich. I define “rich” in a special way: the ability to quit your day job, retire permanently, and not suffer a reduction in your lifestyle. There are a lot of people who think the government has promised […]
Continue reading →Written by Gary North on December 29, 2011
You don’t need New Year’s resolutions. You need a lifetime plan. This is simple to say but difficult to do. I came across a very good article on this. Being a mature man means knowing what you stand for and where you’re going in life. A man always has a plan, especially for something as important as […]
Continue reading →Written by Gary North on December 19, 2011
When a dictator dies, this is for liberty. Liberty is good for free markets. Free markets are good for stocks. Yet stocks fall when a dictator dies. Kim Jong-il has died at age 69. He was the next-to-last Communist. Only the Castro bothers remain. His son is an unknown. Whether he can hold onto power […]
Continue reading →Written by Gary North on December 1, 2011
According to gold coin broker Peter Schiff, you should not buy numismatic coins as your first purchase. Rare coins are for collectors. The person who is seeking a safe haven for his money should buy bullion coins, such as American gold eagles, South African Krugerrands, or Canadian maple leafs. But what about the threat of […]
Continue reading →