Conservatives, Rejoice! Robert Welch’s Predictions Were Dead Wrong in 1974

Written by Gary North on February 24, 2014

Are things getting better? Are things getting worse? This question still divides the American Right. On the moral front, things are getting worse. On the economic front, things are getting better. It is true that median family income, adjusted for price inflation, slowed dramatically, beginning around 1974. But in the crucial areas of information and […]

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Minimum Wage Laws: Litmus Test for Economists

Written by Gary North on February 24, 2014


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I have learned over the last half-century that there are two litmus tests of an economist’s commitment to the idea of voluntary exchange as a means of increasing net productivity and net income. One of them is the doctrine of free trade. The other is the doctrine of minimum-wage legislation as a source of increased […]

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Obama Trying To Drop Hammer On Retirement Planners

Posted on February 22, 2014

President Barack Obama plans to ask Congress in early March, as part of his fiscal 2015 budget, to reduce some of the tax advantages for employer-sponsored retirement plans for higher-income earners, according to published reports. Plus, the president wants to limit the value of all tax deductions, defined contribution exclusions and IRA deductions to 28% […]

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China is Falling Behind The Curve in Employing Young Work Force

Posted on February 22, 2014

Youth unemployment has created “a generation at risk” according to the International Labor Organization, with worldwide youth unemployment forecast to rise to 12.8 percent by 2018. But these headline figures do not necessarily tell the real story given the discrepancies among different parts of the world. In the developed economies, the youth unemployment rate – […]

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Talk About Good Product Placement… 13-Year Old Marketer

Posted on February 21, 2014


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13-year-old Danielle Lei, a Girl Scout in San Francisco, is one heck of a smart marketer. On Monday, she sold 117 boxes of Girl Scout cookies in two hours. Her locations? Outside a medical marijuana clinic. Moreover, the Green Cross Cannabis Collective was pretty “high” on the idea too: “It’s no secret that cannabis is […]

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Cop Kills Teenager After He Answers The Door With Remote In Hand

Posted on February 21, 2014


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A Georgia family is in shock following the death of their 17-year-old son, who was accidentally killed by a police officer who believed the video game controller he was holding was a gun, according to the family’s lawyer. Christopher Roupe of Euharlee, Georgia heard a knock at the door of the family’s home last Friday […]

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Beating the State: Third Century Christianity in the Third World Today

Written by Gary North on February 20, 2014


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A spectre is haunting Communism. It is the spectre of churches without buildings. If there were a Christian Karl Marx today, his Manifesto of Third World Christianity could begin with these words. In 1973, in his last years, Mao’s persecution had reduced the number of Protestants in China to something in the range of 3 […]

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