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Keynesianism’s Long March into History’s Dustbin

Written by Gary North on February 13, 2016

dustbin

We read on Wikipedia: The phrase “ash heap of history” (or “dustbin of history”) figuratively refers to the place to where persons, events, artifacts, ideologies, etc., are relegated upon losing currency and value as history. A notable usage was that of the Russian revolutionary Leon Trotsky referring to the Mensheviks: “You are pitiful, isolated individuals! […]

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Never Give a Keynesian an Even Break

Written by Gary North on February 6, 2016

david-stockman

David Stockman uses the most antagonistic rhetoric against Keynesians that I have ever read. He is merciless. He gives no quarter. That’s why I love to read his articles. Here is a good one. It is on the world’s central bankers, who have driven down interest rates to zero, and have thereby sacrificed the interests […]

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Davos: The Intensive Care Unit of the New World Order

Written by Gary North on January 30, 2016

davos

Every January, the richest people in the world get together to meet at Davos, Switzerland, at the world economic forum. Also present are the best and the brightest in the Keynesian community, whose plane fares and hotel rooms are taken care of. These are the hired hands. Every year, everyone hopes he is going to […]

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Keynesians Are Economic Imbeciles

Written by Gary North on January 9, 2016

keynesians

I have never had a lot of patience. I suppose this is one of my character flaws. I do not suffer fools lightly. I suppose this is another one of my character flaws. I use strong rhetoric to deal with economic imbeciles. I do not regard this as one of my character flaws. I regard […]

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China Syndrome: The Great Unwind

Posted on January 2, 2016

ghost-city

By David Stockman The giant credit fueled boom of the last 20 years has deformed the global economy in ways that are both visible and less visible. As to the former, it only needs be pointed out that an economy based on actual savings from real production and income and a modicum of financial market […]

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When the Treasuries Are Empty

Written by Gary North on November 21, 2015

bankruptcy

The secular world today is religiously committed to pragmatism. If something “works,” meaning survives for over a decade, then it is considered valid until it subsequently fails. The trouble is, some policies take over a century to fail. Witness the collapse of the public education system in England and the United States. Witness the collapse […]

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Henry Hazlitt’s Enormous Contribution

Written by Gary North on September 19, 2015

henry-hazlitt

I started writing Christian Economics in One Lesson in late March. It took Hazlitt six weeks to write Economics in One Lesson in early 1946. If he devoted 40 hours a week, that would have been about 240 hours. It took me under 100 hours to write my book. I had the advantage of having […]

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Economic Ideas Have Consequences . . . Indirectly

Written by Gary North on September 12, 2015

david-hume

In the year 1750, the greatest philosopher in the world was the Scotsman, David Hume. Toward the end of the century, the philosopher who replaced him as the greatest philosopher in the world was Immanuel Kant. Yet, Kant wrote the following: “I freely admit that it was the remembrance of David Hume which, many years […]

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Christian Economics in One Lesson, Chapter 23

Written by Gary North on September 5, 2015

christian-economics

The Assault on Saving The LORD shall open unto thee his good treasure, the heaven to give the rain unto thy land in his season, and to bless all the work of thine hand: and thou shalt lend unto many nations, and thou shalt not borrow (Deuteronomy 28:12). He shall lend to thee, and thou […]

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Why Capitalism Will Win

Written by Gary North on August 29, 2015

capitalism

In the first week of January, 1950, Harvard economist Joseph Schumpeter was completing the final edits of a manuscript which he had delivered as a speech on December 30, 1949. The title was: “The March into Socialism.” He died before he finished the editing. The article became a classic. It was reprinted in the third […]

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