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A Liberal’s Despair: Obama the Deficit Cutter

Written by Gary North on July 5, 2014

federal-deficit

At first, I thought this article was a parody. Then I realized the author is serious. The title: Obama’s greatest failure: The rapidly falling deficit. The author writes: Ever since 2009, when the recession and the stimulus package pushed the annual budget deficit to a peak of nearly $1.5 trillion, it has been falling steadily. […]

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Professor Tyler Cowen Wants the Pentagon to Break a Few Windows. Do You?

Written by Gary North on June 17, 2014

Pentagon

I begin with a statement. Would you say it sounds Keynesian? The continuing slowness of economic growth in high-income economies has prompted soul-searching among economists. They have looked to weak demand, rising inequality, Chinese competition, over-regulation, inadequate infrastructure and an exhaustion of new technological ideas as possible culprits.An additional explanation of slow growth is now […]

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Minimum Wage Laws: Litmus Test for Economists

Written by Gary North on February 24, 2014

Minimum-Wage-Laws

I have learned over the last half-century that there are two litmus tests of an economist’s commitment to the idea of voluntary exchange as a means of increasing net productivity and net income. One of them is the doctrine of free trade. The other is the doctrine of minimum-wage legislation as a source of increased […]

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Half of Our Economists Distrust the Free Market

Written by Gary North on February 11, 2014

Bernanke

Mark Perry is a free market economist. He has a blog on the site of the American Enterprise Institute. Recently, he cited a pair of editorials in the New York Times. They were on minimum wage laws. One was published in 1987. It called for a minimum wage law of 0. The other is recent. […]

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Multi-billionaire Laments: “Our Taxes Are Too Low!”

Written by Gary North on November 4, 2013

Bill Gross is a very rich man. He manages Pimco, the world’s largest bond fund. As is true of most American multi-billionaires, he is a Keynesian. He believes in the economically creative power of the state. He has understood how the state affects the markets through raw power, and he has profited enormously. In November, […]

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