$400 Billion Turkey Won’t Fly

Written by Gary North on March 16, 2015

Turkeys don’t fly. Neither does the F-35. This boondoggle is great for the military-industrial complex, but bad for taxpayers. Which nation’s air force is in a position to challenge existing American planes? None. Which nation is developing fighter jets and the aircraft carriers required to deliver them? The Pentagon never says. What is the strategic […]

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A Letter to David Stockman

Written by Gary North on March 14, 2015

Dear David: I want to let you know just how glad I am I’m not in your shoes. Responsibility goes with the territory. You oversee a lot of territory. You obviously have a lot of spare time on your hands, and so you have started a website. It gets a lot of traffic. The site […]

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Oil Industry Bailout

Written by Gary North on March 14, 2015

When the federal government wants to bury a story, it releases it on Friday afternoon. This is part of the news cycle. It is too late for Friday evening news. Saturday is not a day for news. By Monday, the world has moved on. This report came on Friday afternoon. WASHINGTON, March 13 (Reuters) – […]

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Water Rationing: The Bureaucrat’s Solution

Written by Gary North on March 14, 2015

California does not get much rain these days. Rain has been getting less and less, year after year. The residents need to consume less water. But which residents? Living where? Cities? Farms? There is a solution: raise prices. Then let people decide how much they are willing to consume. Those who are willing to pay […]

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Dollar: The Cleanest Dirty Shirt

Posted on March 14, 2015

by David Stockman I am constantly braced with questions about the US dollar and its impending demise. The reasoning seems to be that if America is a debt addicted dystopia—-and it surely is—- won’t the US dollar sooner or later go down in flames as the day of reckoning materializes? Won’t you make money shorting […]

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War Games: Ancient French Sub Sinks U.S. Carrier

Posted on March 14, 2015

WITH a good submarine, a navy can do amazing things. Ask the French. They’ve just managed to “sink” a nuclear-powered US super carrier — and half its battle group. The French Ministry of Defence has revealed one of its attack submarines pulled off an astounding upset during recent war-games in the North Atlantic. The Aviationist […]

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The Liberals’ Oligopoly Model Is Dying

Written by Gary North on March 12, 2015

Greater diversity undermines oligopoly control, and liberals have based everything on oligopoly. Central banking is based on oligopoly. Entertainment is based on oligopoly. The news industry is based on oligopoly. The political structure is based on oligopoly. Now, because Internet bandwidth keeps getting cheaper, the oligopoly model is collapsing. Only in politics and education is […]

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Americans Don’t Trust Washington

Written by Gary North on March 12, 2015

Americans still think the federal government can and should solve problems. This is their default mode. At the same time, they do not think Washington is competent. This is what is sometimes called cognitive dissonance. Lack of trust is across the boards: in the presidency, Congress, and the Supreme Court. Here are the latest findings. […]

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