Chicago Is Going Bankrupt

Written by Gary North on May 16, 2015

Rahm Emanuel was re-elected Mayor of Chicago. Lucky Rahm! He will get to oversee the official bankruptcy of the city. He will go down as the mayor who took the third largest city in the United States into financial Armageddon. The man who said, “You never want a serious crisis to go to waste,” will […]

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Christian Economics in One Lesson, Chapter 6

Written by Gary North on May 9, 2015

christian-economics

Credit Diverts Production He that is surety for a stranger shall smart for it: and he that hateth suretiship is sure (Proverbs 11:15). The older term, surety, is not widely used today. The term today is this: co-sign. The warning is still as valid today as it was in the days of Solomon. Do not […]

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The Bear Market in Oil Is Over

Written by Gary North on May 9, 2015

oil-index

On December 16, 2014, I published an article for paid members of my GaryNorth.com site: “Saudi Arabia’s Oil Strategy.” I wrote the following about West Texas intermediate crude oil prices: WTI oil hit $37.51 in February 2009. This was in the midst of a major recession. It was back to $80 by late December. I […]

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Guy Carawan, R.I.P.

Written by Gary North on May 9, 2015

Guy Carawan died on May 2. He was 87. Sadly, he was suffering from dementia, that terrible disease. Carawan introduced We Shall Overcome to the civil rights movement in the spring of 1960. It had been picked up by the union movement in the late 1940’s. Pete Seeger was one of the early popularizers of […]

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Mises University Seminar: 2015 Registration

Written by Gary North on May 9, 2015

mises-institute-seminar

It is not easy to get accepted to the free Mises University summer seminar for college students. The key word is “free.” You know the fundamental law of economics: “At zero price, there is greater demand than supply.” A corollary is this: “When the price falls, more is demanded.” This is a $2,000 value. There […]

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The Global Warmers Have Lost the War

Written by Gary North on May 9, 2015

CO2chart

It’s always nice to see a leftist outfit finally fess up to a lost cause. The global warming crowd has clearly lost, and this Mother Jones article makes this clear. The governments of the world have not implemented the Kyoto treaty of 1992 or its 1997 update. The whole thing lapsed on December 31, 2012. […]

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Michigan Voters Smash Tax Hike Referendum

Posted on May 9, 2015

michigan-vote

Proposal 1 suffered the worst defeat Tuesday of any Michigan ballot measure since the current Constitution was adopted more than a half-century ago, as 80 percent of voters rejected the sales tax increase and road funding plan. . . . This year’s thumping occurred even though the measure was backed by Gov. Rick Snyder as […]

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