$15 Trillion for What? The War on Poverty

Written by Gary North on June 28, 2012

Lyndon Johnson in 1965 announced a war on poverty. That became the political umbrella for what has turned out to be $12 trillion (in today’s dollars) down the proverbial drain. Another $3 trillion came from state and local governments. One of the most famous and enduring of Johnson’s programs was food stamps. The program has […]

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Food Prices Will Keep Climbing

Written by Gary North on January 9, 2012

The Chinese are buying food. That is what people in poor nations buy when they get less poor. For China, the disparity between urban, coastal wealth and rural, interior wealth is enormous. People in interior towns are finding it very expensive to buy food. There are riots, which are not widely reported. As for Egypt […]

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