This Little Piggy: How to Retain $85 Billion in Pork

Written by Gary North on February 22, 2013

Sequestration begins on March 1. This means spending cuts. Well, not exactly cuts. There will be reductions in spending increases. Both sides are aghast. The thought of a pork reduction program of $85 billion in a budget of $3.8 trillion is horrifying in Washington. Reuters calls such cuts “harsh.” The cuts will go into effect […]

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The Nanny State vs. Junk Food

Written by Gary North on February 21, 2013

I do not eat much junk food. I haven’t since 1949. In that year, I was put on a rigorous diet by America’s first nutrition physician, Francis Pottenger. I was 7 years old. He got me well. He took me off white bread, refined sugar, and anything resembling junk food. I got well in 18 […]

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Spending Cuts Loom for Pentagon: Automatic Sequestration

Written by Gary North on February 21, 2013

The 2011 budget bill established automatic spending cuts. These will begin on March 1 unless Congress and the President agree on a way to kick the can and run up the on-budget deficit. The whole thing is a charade. The cuts are always cuts in the expected increase in spending, not actual reductions in today’s […]

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Bad Bet: Atlantic City as a Resort Town Funded by Gamblers

Written by Gary North on February 21, 2013

A major casino just filed for bankruptcy. It was going to be a resort casino. No smoking. Ten swimming pools. “Ain’t we got stuff?” No, you ain’t. The investors of $2.4 billion just lost all their chips. “Round and round it goes. Where it stops, nobody knows.” Atlantic City will remain what it has been […]

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Armen Alchian, RIP

Written by Gary North on February 21, 2013

Armen Alchian died on February 19 at the age of 98. I learned this on February 20. At the end of the day on February 19, I was working on a book I am writing on the structure of economic thought. I try to write two pages a day. I wrote this: There is a […]

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No Gold Audit of Ft. Knox . . . in 60 Years

Written by Gary North on February 20, 2013

A fake gold audit of the gold in the Federal Reserve Bank of New York, a private depository, was made by the government. It did not include any audit of the legal claims against this gold. The audit mentioned that the government’s gold is in Ft. Knox. No audit was made of the gold in […]

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