Let Americans Buy the Government’s Gold at $42.22 per Ounce

Written by Gary North on September 26, 2015

Everybody has a scheme for reducing the federal deficit. Here is my plan. Because the present value of the unfunded liabilities of Social Security and Medicare is now in excess of $200 trillion, there is nothing relevant that could be done by the federal government to increase revenues sufficient to avoid the great default. In […]

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Christian Economics in One Lesson, Conclusion

Written by Gary North on September 19, 2015

Hazlitt’s conclusion, Chapter 24, restated his thesis: the conceptual necessity of following the money in order to consider what an individual would have done with his money, had the state not intervened to “break his window.” It did not ask that most crucial of questions, “What is to be done?” Lenin asked it in 1902, […]

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Down the Drain: $17 Million for Rick Perry’s Campaign

Written by Gary North on September 19, 2015

Rick Perry has quit running for President. He said this: “When I gave my life to Christ, I said, ‘Your ways are great­er than my ways. Your will su­per­i­or to mine.’ Today I sub­mit that His will re­mains a mys­tery, but some things have be­come clear,” Perry said. “That is why today I am sus­pend­ing […]

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Pumping Trump: Liberal Media Are Really, Truly Out of Touch

Written by Gary North on September 19, 2015

Here was the leading news story on Google News at 9 a.m. on September 18. NBC’s Today ran this as its lead story that morning. Liberal journalists think that these headlines will pillory Trump. On the contrary, they will reinforce support from his base. It is likely that these headlines will attract independents. Basically, liberals […]

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The Good OId Days Weren’t All That Good, Economically Speaking

Written by Gary North on September 19, 2015

“When you shoot from the hip, you risk blowing off an important appendage.” — North’s law of instant criticism Recently, I wrote an article on how the Bureau of Labor Statistics, an agency in the Commerce Department, underestimates the tremendous economic improvements that Americans have enjoyed since 1970. I posted it on GaryNorth.com. Then I […]

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Henry Hazlitt’s Enormous Contribution

Written by Gary North on September 19, 2015

I started writing Christian Economics in One Lesson in late March. It took Hazlitt six weeks to write Economics in One Lesson in early 1946. If he devoted 40 hours a week, that would have been about 240 hours. It took me under 100 hours to write my book. I had the advantage of having […]

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This NFL Player Understands Budgeting

Posted on September 19, 2015

This kid got the memo. The NFL season started last week, and there’s a player who has been in the news since the preseason because of his relationship to money. This isn’t another tale of a player who made millions and lost it all. It’s about a player who has only been in the league […]

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Christian Economics in One Lesson, Chapter 24

Written by Gary North on September 12, 2015

Thou shalt not steal (Exodus 20:15). Hazlitt’s version of the lesson was different from mine. What was the lesson, according to Hazlitt, that he was trying to teach? Here is his first paragraph of Chapter 24: Economics, as we have now seen again and again, is a science of recognizing secondary consequences. It is also […]

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We’re Wealthier Than the Government Says

Written by Gary North on September 12, 2015

Most economic statistics don’t lie, but they mislead. The statistics produced by the Bureau of Labor Statistics are pretty good, according to prevailing economic theory and statistical theory, but they are misleading to a fault. This is not because the government rigs the statistics. It is because objective statistics cannot deal effectively with subjective value. […]

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