Video: Suffer No Fools — The Walter Williams Story

Written by Gary North on February 3, 2015

Walter Williams teaches economics at George Mason University. In his newspaper columns — you remember newspapers, I hope — he has made famous this line: “Go to the head of the class.” Back in the mid-1970’s, he and I were part of a summer program sponsored by the Intercollegiate Studies Institute: “The Role of Business […]

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Taxi Drivers and Buggy Whips

Written by Gary North on February 3, 2015

In 20 years, there will be no taxi drivers. In less than a decade, they will begin to be replaced. Uber is now working with Carnegie-Mellon University to do research on this. But this is not news. This story appeared in May 2014. Uber CEO Travis Kalanick sat for a keynote interview at Code Conference […]

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Ludwig von Mises: The Comeback Kid

Written by Gary North on February 2, 2015

In my article on “Civilization and the Faculty Lounge,” I told the story of how New York University’s economics department treated Mises with contempt. The economics department of the University of Chicago did the same with F. A. Hayek, a soft-core version of Mises. NYU was a third-tier school. Mises was a greater economist than […]

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Pothole President: Obama’s Tax Suggestion

Written by Gary North on February 2, 2015

President Obama, now a visible lame duck, proposes the biggest tax hike in his career, other than ObamaCare, which the Supreme Court says is a tax. The money will be used to fix potholes. You know: “shovel-ready.” He has no authority over Congress. He does not submit a budget bill to the Congress. Congress submits […]

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Lynch Is Worse Than Holder

Written by Gary North on February 2, 2015

If you breathed a sigh of relief when you heard Eric Holder was leaving, it’s time to inhale. Loretta Lynch is the queen of asset forfeiture. Here is what’s coming to your town. When Long Island businessman Jeff Hirsch stepped up to the bank window to make a deposit one morning in May, 2012, the […]

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Malware in the Bitcoin Chain: Bye, Bye Bitcoin Privacy

Written by Gary North on February 2, 2015

Bitcoin’s promoters pretend to talk techie. They don’t understand it, but it sounds impressive. The public isn’t buying the story. The public is wise. Now comes this from a hackers’ convention. This is techie talk. My conclusion: “Get out while you still can!” presented by Jin-hyuk Jung & Jieun Lee Decentralized Malware on the Blockchain […]

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China’s Economy Is Slowing

Written by Gary North on February 2, 2015

Around the world, economies are slowing. This includes China. Keynesians are terrified of price deflation. The idea that consumers should benefit from falling prices is anathema to them. They are horrified at what is happening. They want central banks to inflate even more. The risk of global deflation looms large for 2015 as surveys of […]

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India’s Economy Is Slowing

Written by Gary North on February 2, 2015

As always, the Keynesians want lower interest rates on short-term loans. Rates are lower than they have been since the 1930’s, but this is not low enough for Keynesians. They want more central bank inflation to force down rates. They think another fraction of a percentage point cut will get the world’s economy growing strongly […]

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Historian Paul Johnson’s Mistakes

Written by Gary North on February 2, 2015

Paul Johnson has written many books. When you write books, you make mistakes. When most scholars make mistakes, they want to correct them. Readers inform them. So, a wise scholar makes it possible for readers to contact him. Not Paul Johnson. He is a great historian. But his website, www.PaulJohnsonArchives.org, has no “Contact Me” option […]

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