Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on April 8, 2017
How would you like to raise your credit score with a phone call? This is a no-brainer if you qualify. You probably do. Your credit score is your FICO score. The credit-rating services use a key metric to see how risky you are. The higher your credit card debt limit, the lower risk you are, […]
Continue reading →Written by Gary North on September 24, 2016
Ambrose Evans-Pritchard has written an article on a United Nations report on debt and default. He is a Keynesian. He worries about deflation. Deflation is the ultimate negative sanction in his view. Like all Keynesians, he does not understand the healing effects of deflation. But I read him because he provides data on the fragility […]
Continue reading →Written by Gary North on August 13, 2016
He keeps trying. He is always wrong. I begin with a chart of Federal Reserve monetary policy. Since October 2014, the FED has pursued the longest period of monetary stability in the last 30 years. Let’s look at this chart from October 2014 until today. This reveals deflation, not inflation. This is not what is […]
Continue reading →Written by Gary North on March 12, 2016
My friend and former business manager John Mauldin has become an economist. I hate to see this. He is a good analyst. He is a good commentator on business trends. His site is a veritable clearing house of insights of famous market analysts. But now he has wandered astray. He has become an economist. His […]
Continue reading →Written by Gary North on February 27, 2016
I begin with what I regard as the fundamental fact of modern economic life: the present value of the unfunded liabilities of the United States government. The economist who has been most vocal about this is Prof. Lawrence Kotlikoff of Boston University. He releases an estimate every year. His estimate is this: somewhere in the […]
Continue reading →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 […]
Continue reading →Written by Gary North on September 19, 2015
Written by Gary North on September 5, 2015
The Assault on Saving The LORD shall open unto thee his good treasure, the heaven to give the rain unto thy land in his season, and to bless all the work of thine hand: and thou shalt lend unto many nations, and thou shalt not borrow (Deuteronomy 28:12). He shall lend to thee, and thou […]
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 →Posted on August 22, 2015
A nice summary: We used the Treasury Department’s Debt to the Penny clock, which is a daily log of federal debt going back about 20 years. The debt held by the public and gross federal debt (which includes debt held by the public and intragovernmental holdings) are both considered appropriate measurements. But we only have […]
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