Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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For over half a century, American men have been dropping out of the job market. As a percentage of the population, men have fallen. This is a long-term trend. This change in men’s work patterns is partially caused by retirement. Retired people are out of the labor force. This is normal. So, the long decline [...]
Continue reading →The Economic Collapse Blog runs wonderful articles on bad stuff that is threatening us. I love these articles, because the editor posts links to at least one article that supports his claim. These links are a treasure trove. The editor has a knack for assembling these links into one comprehensive summary. One after another, link [...]
Continue reading →President Obama likes the environmental movement. He thinks green. He also likes Keynesianism: government deficits to overcome unemployment. He combined them in this boondoggle. The federal government paid the state of Nevada to plant trees. Nevada needs trees, of course. It needs rainfall even more. It’s a desert. Although the green stimulus was advertised as [...]
Continue reading →The U.S. government spends $3.8 trillion a year. But where does the money go? Government accountants are not sure. The government does not apply the same standards of accounting on itself that it applies to taxpayers. What the IRS will not tolerate, the GAO does. The GAO is the accounting arm of the government. It’s [...]
Continue reading →The Bush tax cuts will expire on January 1. The Obamacare taxes will hit, unless the Supreme Court declares the law unconstitutional. The average Joe has no idea of what’s in store for him. The liberal Washington Post calls this taxmageddon. I like the phrase. It has a sense of reality about it. Here are [...]
Continue reading →Two years ago, the Government Services Administration sent 300 of its employees on a junket to Las Vegas. It cost over $800,000.This has created a scandal. The real scandal is an annual federal budget of $3.8 trillion. But this is ho-hum news. Voters can understand $800,000. They understand junkets for bureaucrats. So, this story gets [...]
Continue reading →Here is a clever cartoon video that will not amuse liberals. But maybe you’ll like it. My only regret is that Jimmy never said a word. He always had plenty to say. Trust me. He did. The use of video cartoons is becoming popular. They inflict damage without making anyone really angry. This one has [...]
Continue reading →A columnist for the London Telegraph admitted that he had a deadline to meet, but he had nothing much to say. Then he proved it. I doubt his audience had any idea what he was talking about when Ron Paul, the US presidential hopeful, declared that “we are all Austrians now”, but you have to [...]
Continue reading →Americans think the U.S. government cannot go bankrupt.Foreign investors do, too. But what makes America different from Greece? As Greece has approached a debt to GDP ratio of 160%, its credit has declined. The USA is now at 100%. The USA has huge commitments: Social Security, Medicare, and defense. So does Greece. The voters will [...]
Continue reading →The president of the Federal Reserve Bank of San Francisco has recommended that the FOMC [Federal Open Market Committee] put the pedal to the metal. There has to be far more monetary stimulus. This is Keynesianism running amok. He made a major speech recently. As a good Keynesian, he sees the trade-off between fiat money [...]
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