Christian Economics in One Lesson: Chapter 3

Written by Gary North on April 18, 2015

gary-north

The Blessings of Destruction If fire break out, and catch in thorns, so that the stacks of corn, or the standing corn, or the field, be consumed therewith; he that kindled the fire shall surely make restitution (Exodus 22:6). This passage has to do with legal liability. If somebody sets a fire on his own […]

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Yellow Alert! Worldwide Stock Market Sell-Off

Written by Gary North on April 18, 2015

stock-market

Pay attention. In recent months, the U.S. stock market has gone nowhere: up, down, up, down. No pattern. Yesterday, the world’s stock markets tanked. No warning. Wham! No single central bank is responsible. No single central bank can goose the world’s stock markets. No coordinated policy is likely . . . yet. There is no […]

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Banker Says: “Abolish Cash!”

Posted on April 18, 2015

cash

The world’s central banks have a problem. When economic conditions worsen, they react by reducing interest rates in order to stimulate the economy. But, as has happened across the world in recent years, there comes a point where those central banks run out of room to cut — they can bring interest rates to zero, […]

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Paycheck to Paycheck: Don’t Get Fired!

Written by Gary North on April 18, 2015

paycheck

Thrift? What’s that? This is the outlook of most Americans. It affects even the high-income crowd. Even wealthier Americans are struggling to save enough for retirement, according to a new survey. The report, released Thursday by SunTrust, found that even among households with incomes of $75,000 or more, roughly a third live paycheck to paycheck […]

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Christian Economics in One Lesson: Chapter 2

Written by Gary North on April 11, 2015

christian-economics

The Broken Window Then Isaac sowed in that land, and received in the same year an hundredfold: and the LORD blessed him. And the man waxed great, and went forward, and grew until he became very great: For he had possession of flocks, and possession of herds, and great store of servants: and the Philistines […]

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[Color X] Teenage Girls Give [Color Y] Woman a [Color X] Eye

Written by Gary North on April 11, 2015

restitution

The headline was standard: Teen girls give Pa. woman black eye for ‘shushing’ them in movie theater. They broke her eye socket. But this is called a black eye in medialand’s headlines. Two loud, cursing teenagers did not know how to conduct themselves in a public place. A woman asked them to behave like civilized […]

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The Coase Theorem — My Free Book on “Libertarian” Statism

Written by Gary North on April 11, 2015

ronald-coase

Ronald H. Coase’s 1960 article, “The Problem of Social Cost,” has misled more free market economists than any scholarly article ever published. It has been cited in footnotes more than any other law review article. I published my refutation in 1990. I also refuted Coase’s disciple, Gary Becker. Coase won the Nobel Prize in 1991. […]

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Backfire: Gun-Buying Mania

Written by Gary North on April 11, 2015

gun-buyers

In 2013, President Obama tried to get a few ticky-tacky gun control laws through Congress.  He never even got this through the Senate. Now that effort has backfired, big time. The American firearms industry is as healthy as ever, seeing an unprecedented surge that has sent production of guns soaring to more than 10.8 million […]

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