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Why Robots and Software Will Not Take Over the World

Written by Gary North on October 27, 2014

robots

There is fear that computerization will produce mass unemployment over the next 30 years. The computers will do the work of hundreds of millions of workers, leaving no jobs for these displaced workers. One implication is this, we are told: the federal government will have to put them on welfare. Otherwise, they will starve. They […]

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Bitcoins: The Inside Dope

Written by Gary North on December 9, 2013

Reality Check Today, I interview Bitram “Bitty” Coins, the nation’s leading expert in the Bitcoins market. GN: Mr. Coins, I am happy you consented to an interview. BC: Call me Bitty. GN: OK, Bitty. I want to find out what this Bitcoins deal is all about. BC: It’s about liberty. It’s about a new international […]

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Federal Reserve Policy: “Made in Japan”

Written by Gary North on June 4, 2013

Gary North’s Reality Check The FED says it will inflate. Its major representatives keep saying this. To understand the Federal Reserve, we must understand how the Federal Reserve interprets the situation in Japan. The recently adopted inflationist policy in Japan has not yet worked. Business capital spending is down 5%, year to year. Sales were […]

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Will an Export Tax Restore True Free Enterprise?

Written by Gary North on May 27, 2013

Gary North’s Reality Check This is a recent discussion between the Export Tariff Guy and the Free Trade Guy. ETG: What this country needs is an export tariff. FTG: How would it work? ETG: Every exporter would pay a tariff on the retail price of everything it exports. FTG: So, it’s a sales tax on […]

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13 Assumptions That Put Your Children at Risk

Written by Gary North on March 26, 2013

Gary North’s Reality Check There are 13 assumptions that pave the road of good educational intentions. Most Christian parents who send their children to college have adopted eleven of the 13. The first one is this: “The state has both the authority and the moral obligation to fund education.” Then come the other 12. 2. […]

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Kilowatt Money: Zombie Economics for Naive Conservatives

Written by Gary North on March 20, 2013

Gary North’s Reality Check The conservative movement has always been filled with monetary cranks. This has been true for well over a century. These cranks have never read a book on economics. They have never taken a class in economics. They have zero practical experience in finance. They come before the conservative public and present […]

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A “Christian” Attack on Walmart and Anyone Who Shops There

Written by Gary North on March 6, 2013

Gary North’s Reality Check I wrote a critique of Leftist commentator James Howard Kuntsler, who praises local government action to make it illegal to open a Walmart store or any other “big box” store, as he calls them. You can read my critique here: http://www.garynorth.com/public/10717.cfm Kunstler has coined a phrase to describe Tea Party supporters: […]

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Obama: A Keynesian, Not a Communist

Written by Gary North on February 15, 2013

Gary North’s Reality Check “It is said that if you know your enemies and know yourself, you will not be imperiled in a hundred battles; if you do not know your enemies but do know yourself, you will win one and lose one; if you do not know your enemies nor yourself, you will be […]

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The Luddites Among Us

Written by Gary North on February 6, 2013

Gary North’s Reality Check Certain economic ideas that are both logically wrong and unsupported by historical facts, and which have been known to be wrong for 250 years, are still widely held. This annoys economists. There is something that seems inherent in men’s approach to thinking about their own wealth that persuades them that what […]

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The Futility of Banking Reform

Written by Gary North on January 22, 2013

Gary North’s Reality Check (Jan. 22, 2013) The largest banks are immune to reform or regulation. They control the Federal Reserve System, and have since the beginning in 1914, when it opened for business. The Congress defers to the FED. So, the banking system never changes much. There is never a significant reform. Today, the […]

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