My Translation of Yellen’s Speech on Bank Regulation

Written by Gary North on July 8, 2014

800px-Janet_Yellen_official_portrait

Janet Yellen gave a speech on July 2. It of course received considerable attention in the financial media. Over the years, I have dutifully provided translations of speeches by the chairmen of the Board of Governors of the Federal Reserve System — that tiny part of the FED that is technically part of the U.S. […]

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Withdrawing Political Legitimacy

Written by Gary North on July 7, 2014

We hear these words today: tipping point. We hear a similar phrase: inflection point. These are two names for the same process. There are two versions of this process. One points to a lift-off. The other points to a crash. The lift-off version relies on the image of the exponential curve. At some point, it […]

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The Suicide of Communism: The Case for Patience

Written by Gary North on July 5, 2014

communism

At the age of 72, I look back at my life, and I ask a question: “What was the most significant event of my lifetime?” I go back and forth between two events, but in fact they were the same event. The first was the decision of Deng Xiaoping in 1979 to begin to remove […]

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Video: How the Federal Reserve System Loots Us

Written by Gary North on July 5, 2014

federal-reserve-system

So, you want to understand how the Federal Reserve works? Here is the best video on the topic. It was produced by the Mises Institute. It covers central banking’s history. Unlike other videos on the Federal Reserve, it does not recommend that money creation be turned over to Congress, which will then produce “safe, reliable” […]

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A Liberal’s Despair: Obama the Deficit Cutter

Written by Gary North on July 5, 2014

federal-deficit

At first, I thought this article was a parody. Then I realized the author is serious. The title: Obama’s greatest failure: The rapidly falling deficit. The author writes: Ever since 2009, when the recession and the stimulus package pushed the annual budget deficit to a peak of nearly $1.5 trillion, it has been falling steadily. […]

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