When Money Fails

Written by Gary North on April 23, 2016

hyperinflation

Money seldom fails, but occasionally, it does. It failed in Germany and Austria 1921-23. It failed in Hungary after World War II. It failed in Zimbabwe in 2008-9, when the rest of the world was in a recession. Here is a famous case of the failure of money: And there was no bread in all […]

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The Free Market vs. Fraud

Written by Gary North on April 23, 2016

free-market

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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Elijah’s Job

Written by Gary North on April 23, 2016

elijah

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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When a Christian Welfare Statist Defects to Semi-Liberty

Written by Gary North on April 23, 2016

ron-sider

We are all familiar with the student who goes off to college and comes home alter the first year spouting liberal nonsense that he learned in the classroom. This phenomenon has been around since the days of classical Greece. Aristophanes wrote a comedy about such a youth: Clouds. A young man goes off to Socrates’ […]

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Disinheriting the Heirs

Written by Gary North on April 23, 2016

inheritance

And it shall be, if thou do at all forget the LORD thy God, and walk after other gods; and serve them, and worship them, I testify against you this day that ye shall surely perish. As the nations which the LORD destroyeth before your face, so shall ye perish; because ye would not be […]

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Monetary Reform: Fiat vs. Market

Written by Gary North on April 16, 2016

free-market

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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