Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on February 3, 2014
Every year, Jim Wallis speaks at the World Economic Forum in Davos, Switzerland. That is where the elite eat, meet, and retreat. Then they go back home and run the world. Here, the richest and most powerful people on earth meet — about one-third of the 6,000 people who constitute what David Rothkopf has labeled […]
Continue reading →Written by Gary North on January 22, 2014
The superclass is meeting at Davos this week. In the words of Archie the bartender at Duffy’s Tavern, it’s where the elite meet to eat. They will be able to attend a wide range of seminars, in an attempt to see what’s coming next. They don’t know. The accelerating diversity of opinions is overwhelming the […]
Continue reading →Written by Gary North on May 15, 2013
Gary North’s Reality Check Over half a century ago, Ludwig von Mises made a crucial observation. The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between […]
Continue reading →Written by Gary North on February 19, 2013
At age 4, kids are expert test-takers. They have to be. If they don’t score well, they will have to attend a public school. Yes, a public school. A New York City public school. The kid is doomed. Rich parents dread the thought. At $30,000 for kindergarten, there is still intense competition. Think of $400,000 […]
Continue reading →Written by Gary North on February 14, 2013
Gary North’s Reality Check I am not a big Downton Abbey fan. I watched the first half a dozen episodes, but then I realized that the thing was turning into a very expensive soap opera. I stopped watching. I am a Foyle’s War fan. I prefer period piece murder mysteries to period piece soap operas. […]
Continue reading →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 […]
Continue reading →Written by Gary North on December 26, 2012
If you get rich in China, you get out. The elderly Communists who run the country are tyrants. If you get enough money to flee, you flee. About 150,000 wealthy Chinese have flown the coop this year. Their #1 destination: the USA. Who can blame them, other than elderly Communist tyrants? Technically, these people can […]
Continue reading →Written by Gary North on December 10, 2012
How many millionaires are in North America? Go on. Guess. Now guess how many millionaires there are in Asia. Asia is ahead of North America. This includes Canada. Millionaire wealth in the United States and Canada in 2011 fell 2.3 percent to $11.4 trillion – still the wealthiest region by this measure – though it […]
Continue reading →Written by Gary North on October 17, 2012
A man and his wife were awarded a $20 million settlement from a company in 2004. The company’s environment gave the husband a lung disease. The law firm got 35%. Presumably, they got the rest. They built a $3.9 million home in Carthage, Missouri. Carthage is a small town of 14,000. Average household income is […]
Continue reading →Written by Gary North on September 21, 2012
I toured the Crystal Bridges Museum of Bentonville, Arkansas. It is a magnificent structure. Sam Walton’s widow and family members put up about $2 billion to build it and fill it with American paintings. It costs $20 million a year to run. It is free to tour. Nowhere can we see better the great paintings […]
Continue reading →