Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on November 28, 2015
A few years ago, United Airlines ran television ads that featured the phrase, “you’re the boss.” Passengers in the ads were constantly being told, “You’re the boss”, by all the smiling actors who were portraying the United Airlines employees. One fellow l know always made it a point to inquire on every United flight, “Who’s […]
Continue reading →Written by Gary North on September 26, 2015
Henry Hazlitt wrote Economics in One Lesson in six weeks in early 1946. He was on a tight deadline: a leave of absence from The New York Times. He did not include footnotes. In 1946, there were few materials to footnote. Hazlitt stood alone in the community of financial journalists. Today, there is a wealth […]
Continue reading →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 […]
Continue reading →Written by Gary North on September 12, 2015
In the year 1750, the greatest philosopher in the world was the Scotsman, David Hume. Toward the end of the century, the philosopher who replaced him as the greatest philosopher in the world was Immanuel Kant. Yet, Kant wrote the following: “I freely admit that it was the remembrance of David Hume which, many years […]
Continue reading →Written by Gary North on September 5, 2015
David Stockman has written the finest piece of financial journalism of our generation: The Great Deformation: The Corruption of American Capitalism. It shows how we got into the mess we are in. Blame the government. Then blame us. It is our government. We must not parrot Flip Wilson’s Geraldine: “The devil made me do it!” […]
Continue reading →Written by Gary North on July 25, 2015
For as long as the present economic system lumbers along, Keynesians will control the levers of power and influence. But when at last the system goes down in a heap, and central banks cannot restore the system, there will be a quest for answers. Keynesians have the long-run disadvantage of being in control of the […]
Continue reading →Written by Gary North on July 25, 2015
If social change came through combining old shibboleths with the latest fads, there would be a future for the Left. But that is not how social change takes place. The latest old Leftist to write a book on the end of capitalism is somebody I had never heard of: Paul Mason. His book is titled, […]
Continue reading →Written by Gary North on June 27, 2015
Ludwig von Mises was a defender of the concept of the division of labor. He rested his entire social philosophy on this concept. This included his doctrines of social peace, market processes, monetary calculation, and private property. He always returned to this theme: the division of labor. This idea of the division of central to […]
Continue reading →Written by Gary North on May 16, 2015
We forget about one of the great advantages of intellectual progress, namely, that people of above-average intelligence can perform better than geniuses did a century earlier. Think of a graduate of MIT or CalTech today. I do not mean somebody with a Ph.D. I mean somebody with a bachelor’s degree. He is better at physics […]
Continue reading →Written by Gary North on May 9, 2015
It is not easy to get accepted to the free Mises University summer seminar for college students. The key word is “free.” You know the fundamental law of economics: “At zero price, there is greater demand than supply.” A corollary is this: “When the price falls, more is demanded.” This is a $2,000 value. There […]
Continue reading →