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Economic Inequality: Jesus vs. Rev. Jim Wallis

Written by Gary North on October 24, 2015


Economist Vilfredo Pareto announced a discovery in 1897: about 20% of the families in Italy owned 80% of the land. He went on to study the distribution of wealth in other Western European nations. The same distribution held true. Subsequent studies of national economies have revealed the same distribution, no matter what their politics are. […]

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We’re Wealthier Than the Government Says

Written by Gary North on September 12, 2015


Most economic statistics don’t lie, but they mislead. The statistics produced by the Bureau of Labor Statistics are pretty good, according to prevailing economic theory and statistical theory, but they are misleading to a fault. This is not because the government rigs the statistics. It is because objective statistics cannot deal effectively with subjective value. […]

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Paycheck to Paycheck: Don’t Get Fired!

Written by Gary North on April 18, 2015


Thrift? What’s that? This is the outlook of most Americans. It affects even the high-income crowd. Even wealthier Americans are struggling to save enough for retirement, according to a new survey. The report, released Thursday by SunTrust, found that even among households with incomes of $75,000 or more, roughly a third live paycheck to paycheck […]

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Income Falls, Spending Rises

Posted on April 7, 2015


Bad news for most Americans: Yellen’s recovery isn’t working. Most Americans’ incomes continued to fall last year, but the richest 20 percent saw theirs rise, a new Labor Department report showed Thursday. In fresh data that adds fire to a growing debate over income inequality, the department said that Americans on average saw income decline […]

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The Middle Class Is Slowly Shrinking

Written by Gary North on February 9, 2015


News from Pew Research. The share of adults who live in middle-income households has eroded over time, from 61% in 1970 to 51% in 2013. Although the share is unchanged in recent years – it was the same in 2010 – the erosion over the last four decades has been sure and steady, through economic […]

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My Latest Book: Free

Written by Gary North on January 24, 2015


My new book is now typeset: The Covenantal Structure of Christian Economics. You can download it here: http://www.garynorth.com/CovenantalEconomics.pdfIt is different from every other book you have read on economics. It begins with this question: “Who owns this?” This is the most divisive question in economic thought. Because it is divisive, economists ever since Adam Smith […]

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High-Output Marriages

Written by Gary North on October 2, 2014


For most people throughout history, marriage has been the primary means of attaining increased production. The reason is simple: the division of labor. It enables people to specialize. Specialization increases output per unit of resource input. That is how economists describe economic production. I was able to achieve considerable output as a graduate student. I […]

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How Loud Does Money Talk? Proposed Time Warner and Comcast Merger Could Show

Posted on April 15, 2014


A study recently released by Frontiers of Freedom suggests that in the Obama administration, money talks. The paper insists that crony capitalism is behind many of the Justice Department’s decisions when it comes to approving or rejecting mergers, and that “friends” of the Administration stand to gain enormous financial “gifts” in return for their generosity. […]

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Sure He Has To Travel, But Should Obama’s Flights Cost This Much?

Posted on March 27, 2014


President Barack Obama has spent more time traveling abroad than other U.S. president in history at this point in their presidencies, according to a forthcoming study from the National Taxpayer Union Foundation (NTUF) provided exclusively to Breitbart News ahead of its public release. “The most internationally well-traveled President, through five years, is also flying the […]

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