Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Posted on June 20, 2015
By Joel Skousen TRADE AUTHORITY PASSES THE HOUSE WITHOUT WORKER RETRAINING A major loss in US sovereignty hangs in the balance as Congress wrangles over the Trans Pacific trade pact. There is a lot of Democratic opposition over the inevitable job losses these false free trade agreements bring, but they should be more worried about […]
Continue reading →Written by Gary North on May 16, 2015
The vote on the Trans-Pacific Partnership could come in the House this month. This 800-page monstrosity must be stopped by the House if it is not to be signed into law. Senate Democrats caved this week. The Republicans overwhelmingly supported it. It has major liabilities in the surrender of rights of free speech and publishing. […]
Continue reading →Written by Gary North on May 16, 2015
China, meaning China’s central bank — the People’s Bank of China — started buying Treasury IOU’s again in March. It purchased $36 billion worth. It now holds over $1.2 trillion in Treasury IOU’s. China has now leaped ahead of Japan as the #1 foreign holder of U.S. government debt. Add Hong Kong to this: another […]
Continue reading →Written by Gary North on April 1, 2015
For over 200 years, inefficient farmers in Europe have battled the free market, which favors efficient farmers. Meanwhile, inefficient American farmers have for 80 years demanded price supports from Congress to deal with efficient American farmers. Farmers are the bulwarks of government bailouts and subsidies. On April 1, the European Union ended import quotas on […]
Continue reading →Written by Gary North on February 27, 2015
How can this be? I grew up hoping to see union power curtailed. I was a big fan of libertarian legal theorist Sylvester Petro, even before I met him at the Foundation for Economic Education in 1971. His books on illegitimate union power in the 1950’s were like oases in the desert. He was John […]
Continue reading →Written by Gary North on December 19, 2014
Beginning in 2015 and escalating from then on, skilled workers from all over the world will have the digital equivalent of green cards. They will be legal to hire. They will flood into America’s middle-class job markets. The last major barrier is coming down: the language barrier. Mercantilism is about to get hammered in the […]
Continue reading →Written by Gary North on December 19, 2014
The Swiss National Bank has announced that if you buy Swiss francs, you must pay a rate of interest. This is a negative interest rate. Why did the SNB do this? To persuade foreigners not to buy Swiss francs. Why? To keep the value of the Swiss franc low. This is mercantilism, pure and simpleton. […]
Continue reading →Written by Gary North on December 17, 2014
This is another cliché of protectionism. I keep adding more, here: http://www.garynorth.com/public/department162.cfm The logic of economics applies across borders: county, state, and national. Deny this, and you deny economics. Conservatives deny economics. They promote tariffs and import quotas across national borders, but not state and county borders. Ludwig von Mises had a word for this: […]
Continue reading →Written by Gary North on September 12, 2014
The free market is relentless in cutting costs. Next up: cargo ships without crews. Think of what this will do to Somali pirates. They can’t steer the ships. They can’t kidnap anyone. Their little boats cannot carry huge containers. Think of the unemployment this will create in Somalia. Here is a Third World nation, desperately […]
Continue reading →Written by Gary North on September 1, 2014
Cuba is officially Communist. So, Americans know that the government’s regulations are bad for the people. They understand that Communist government regulations increase the poverty of families, who face much harder times. “Fidel Castro is a bad guy. So is his kid brother.” So, when they read of import restrictions like these, they know for […]
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