Monetary Reform: Fiat vs. Market

Written by Gary North on April 16, 2016

What is fiat money? It comes from “fiat,” which means a formal authorization or proposition or a decree. Synonyms are these: edict, order, command, commandment, injunction, proclamation, mandate, dictum, diktat. It is an arbitrary order. The phrase “fiat lux” comes from Genesis 1:2: “Let there be light.” Fiat money is the money issued by a […]

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The Free Market vs. Fraud

Written by Gary North on April 16, 2016

Charles Hugh Smith begins his essay on widespread fraud in the rhetorically correct way: by stating the truth in a list of short observations. This can’t be said politely: the entire status quo in America is a fraud. The financial system is a fraud. The political system is a fraud. National Defense is a fraud. […]

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Money: The Universal Icon

Written by Gary North on April 16, 2016

No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon. Therefore I say unto you, Take no thought for your life, what ye shall eat, or what ye shall drink; […]

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Moses’ Law and Moore’s Law: More!

Written by Gary North on April 16, 2016

And when thy herds and thy flocks multiply, and thy silver and thy gold is multiplied, and all that thou hast is multiplied; Then thine heart be lifted up, and thou forget the LORD thy God, which brought thee forth out of the land of Egypt, from the house of bondage. . . And thou […]

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The Wealth of Nations

Written by Gary North on April 16, 2016

Now these are the commandmets, the statutes, and the judgments, which the Lord your God commanded to teach you, that ye might do them in the land whither ye go to possess it: That thou mightest fear the Lord thy God, to keep all his statutes and his commandments, which I command thee, thou, and […]

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Elijah’s Job

Written by Gary North on April 16, 2016

And Elijah the Tishbite, who was of the inhabitants of Gilead, said unto Ahab, As the Lord God or Israel liveth, before whom I stand, there shall not be dew nor rain these years, but according to my word. And the word of the LORD came unto him, saying, Get thee hence, and turn thee […]

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Video: Ghost Car. Where Did It Come From?

Written by Gary North on April 9, 2016

All right, all you Newtonians. Watch the video. Watch the car come out of nowhere. Watch it get hit. Watch the other drivers keep driving. Hit and run? Is it legal to drive away from the scene of an auto accident with a car that came out of nowhere? Explain this to yourself. If you […]

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Economic Inequality Is Not Increasing. Propaganda Is.

Written by Gary North on April 9, 2016

It never ends. We are besieged by articles on today’s increasing economic inequality. These articles have three things in common: 1. Each one has a favorite explanation/boogeyman. 2. Each one calls for political reforms to make things more equal. 3. Each one fails to mention Pareto’s 20/80 law. Here is the main problem with these […]

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