Haggling and Prices: Who Knew?

Written by Gary North on March 5, 2016

haggling

It is naught, it is naught, saith the buyer: but when he is gone his way, then he boasteth (Prov. 20:14). Long before the days of King Solomon, face-to-face bargainers were crying the blues to each other. “You can’t expect me to pay that much. Why, I’ve seen it for half that price in Damascus!” […]

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Crackpot Economics in Jesus’ Name

Written by Gary North on March 5, 2016

Keynes

Beloved, believe not every spirit, but try the spirits whether they are of God: because many false prophets are gone out into the world (I John 4:1). The office of prophet no longer exists in its Old Testament form. Why not? Because the canon of Scripture is closed in history. The Bible is complete. There […]

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The Case for Ticket Scalping

Written by Gary North on March 5, 2016

scalping

Wrath is cruel, and anger is outrageous; but who is able to stand before envy? (Prov. 27:4). Envy. We do not use the word properly in our day. It is assumed to mean either jealousy or congratulations. “I really envy you,” the friend says as a way of offering congratulations. But friends do not envy […]

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Tithing and Submission

Written by Gary North on March 5, 2016

tithe

Bring ye all the tithes into the storehouse, that there may be meat in mine house, and prove me now herewith, saith the Lord of hosts, if I will not open you the windows of heaven, and pour you out a blessing, that there shall not be room enough to receive it (Mal. 3:10). One […]

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Christian Revival: Who Will Pay?

Written by Gary North on March 5, 2016

revival

For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it? Lest haply [it happen], after he hath laid the foundation, and is not able to finish it, all that behold it begin to mock him, Saying, This man began to build, […]

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Civil Liberties: The Good News

Written by Gary North on February 27, 2016

civil-liberties

There are three phrases, each of which is three words long, that govern the thinking of economists. Supply and demand High bid wins At some price I will focus on the final three words: “At some price.” I want to raise its corollary: “At what price?” THE COST OF REVOKING OUR RIGHTS Everyone in this […]

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Unfunded Federal Liabilities: Snowpack and Avalanche

Written by Gary North on February 27, 2016

unfunded-liabilities

I begin with what I regard as the fundamental fact of modern economic life: the present value of the unfunded liabilities of the United States government. The economist who has been most vocal about this is Prof. Lawrence Kotlikoff of Boston University. He releases an estimate every year. His estimate is this: somewhere in the […]

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Déjà Vu #2: My Stock Market Warning in March 2000

Written by Gary North on February 27, 2016

stock-market

[The S&P 500 peaked on March 24, 2000, if we adjust for price inflation. This newsletter was sent on March 3, 2000.] The mark of a mania is when the general public senses that it has been left out of the cornucopia of great wealth. People think they had great wealth in their hands — […]

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