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Keynes: Crackpot Economist of ZIRP

Written by Gary North on September 3, 2016


John Maynard Keynes was a crackpot. So are his followers. All of them. I can hear the shocked response. “But, Dr. North, you’re not supposed to say such things. It’s not polite. It shows a lack of etiquette. People who say such things are themselves dismissed as crackpots.” To which I respond: “Dismissed by whom?” […]

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The Declaration of Independence: America’s Greatest Ad

Written by Gary North on July 4, 2016


On this day 240 years ago, New England’s most famous independent wholesaler, John Hancock, and Congress’s stenographer, Charles Thomson, signed a parchment. We celebrate that signing annually, often by setting off low-tariff fireworks imported from China. Most Americans know little about the background of this event. The details they recall from a high school textbook […]

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Tarnished Buckle on the Bible Belt

Written by Gary North on May 7, 2016


I wrote this in 1978. It’s on taxes. I live in the sovereign state of North Carolina. Well, it’s not really that sovereign. The U.S. Department of Health, Education, and Welfare has cut off funds to the University of North Carolina because of an insufficient number of blacks on campus. Naturally, the local editorial writers […]

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Tax Calculator (Rigged) for 4 Candidates

Written by Gary North on April 2, 2016


Someone has created a calculator for estimating the effects of each candidate’s tax reforms. Each candidate has presented a broad view of marginal tax rates. I think this is a clever idea. It gets voters thinking about how each candidate’s programs would fare, other things — e.g., like the economy — being equal. Problem: it […]

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Are You Freer Than Your Grandparents Were?

Written by Gary North on March 26, 2016


Make a list of the freedoms you cherish most. Did your grandparents also cherish them? Did they have more of them? You be the judge. Marginal income tax rates. Government revenues as a percentage of GDP. Federal government revenues as a percentage of GDP. There is much greater federal debt. This can be dispensed with […]

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Was Joseph an Immoral Leader?

Written by Gary North on March 12, 2016


And Pharaoh said unto Joseph, I am Pharaoh, and without thee shall no man lift up his hand or foot in all the land of Egypt . . . And Joseph went out over all the land of Egypt. And Joseph was thirty years old when he stood before Pharaoh king of Egypt. And when […]

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Pluralism and Tax Exemption

Written by Gary North on February 6, 2016


The fat is now in the fire. A group has taken the Catholic Church into Federal court to protest its tax exemption. The reason? The Church has taken a public stand against abortion. The abortion issue is political, and therefore involves legislation, the plaintiffs assert. The Internal Revenue Code says that tax-exempt organizations that are […]

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Tariffs: The Preferred Tax of Masochists

Written by Gary North on January 30, 2016


If I were to come to you and say “What this country needs is higher taxes in order to make us all rich,” you would correctly conclude that I had lost my mind or my principles. But if I were to come to you and say, “What this country needs is higher tariffs to make […]

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Why I Was Inoculated Against Powerball Fever

Written by Gary North on January 16, 2016


As a matter of principle, I do not gamble. There is a theological reason for this. It is the doctrine of the sovereignty of God. Calvinists have opposed gambling for centuries. Gambling assumes that God is not sovereign; rather, either chance is sovereign or the law of large numbers is sovereign. Neither is sovereign. So, […]

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Sliding Down Laffer’s Curve

Written by Gary North on November 28, 2015


I favor flat taxes: the principle of the tithe. There is no “graduated tithe.” The tithe is good enough for God. Ten percent should be more than enough for all the imitation gods — combined — that want to get their hands into our wallets. I favor direct flat taxes on real estate, but only […]

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