NAACP and Teachers’ Union Try to Shut Down Charter Schools

Written by Gary North on January 18, 2012

“It’s a political problem. The problems are sociopolitical. The problems are unions. You plot the growth of the NEA [National Education Association] and the dropping of SAT scores, and they’re inversely proportional. The problems are unions in the schools. The problem is bureaucracy.” — Steve Jobs, 1996 Here is a video that tells you how […]

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Old Cars Are the New Normal

Written by Gary North on January 18, 2012

Americans are wising up. They are not buying replacement new cars. They are buying used cars. I have done that ever since the 1970s. The average age of American cars is 10.8 years. This is the highest since 1995, when it was about 8.4 years. Year by year, the average increases. I still drive a […]

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So, You Think You Own Stocks in Your Portfolio. Think Again.

Written by Gary North on January 17, 2012

A lot of Americans do not know how ownership of stocks is handled. They think they personally own the stocks in their portfolios. They don’t. There were investors in MF Global who thought they owned commodities. They didn’t. Consider this. Do you own gold and silver mining stocks? Or any stocks for that matter? Even […]

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Why Dr. Arthur Laffer Fled to a Tax Haven: Tennessee

Written by Gary North on January 17, 2012

I have known Art Laffer for over 35 years. We met in California. I fled in 1976. He waited until last year. In a PBS video, he tells why he left: taxes. Watch The Strange, Animal-Killing Side Effects of Tax Policy Changes on PBS. See more from PBS NewsHour. My daughter lives in Nashville. It […]

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Establishment Economists Call for More Taxes on the Rich

Written by Gary North on January 17, 2012

Mark Skousen, an Austrian School economist, attended a recent meeting if the American Economic Association, the professional association of academic economists. He has reported on the views of major Keynesian economists. The big cannon should be fiscal policy [more deficit spending].” — Peter Diamond, Nobel Prize Economist and New Fed Member Peter Diamond’s Solution to […]

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Bus Driver Gets $87,000 a Year Pension

Written by Gary North on January 17, 2012

Think of what a liberal arts social science or humanities college graduate receives as a salary. Not $86,000 a year. Not after 10 year, or 20 years. Now read this. This lady drives a bus in Chicago for the Chicago Transit Authority (CTA). She has put in a lot of overtime. “Some people at CTA […]

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Governmernt Drones in America — The Spying Kind

Written by Gary North on January 16, 2012

The technology of war in the Middle East is being implemented here. The federal government is only in the testing phase. This technology is going to become widespread in a few years. “Look! Up in the sky! It’s a bird! It’s a plane!” It’s a drone. Read this.  That ought to ruin your day. Now […]

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Tall Skyscrapers and Big Crashes: Get Ready

Written by Gary North on January 16, 2012

Did you know that there is a tight correlation between the completion of the world’s tallest skyscraper and either a recession or a depression within a year or two? Well, there is. Dr. Mark Thornton of the Mises Institute published an article on this in 2005. Worldwide, real estate peaked in 2006. Then came the […]

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Most Americans Now Think Social Conflict Is Coming. Do You?

Written by Gary North on January 16, 2012

There are move have-nots than haves in every society. In the past, America has not had a lot of conflict between haves and have-nots. But more Americans than ever think this truce will not last much longer. The Pew Research Center reports on this change. The Occupy Wall Street movement no longer occupies Wall Street, […]

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