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Why Capitalism Will Win

Written by Gary North on August 29, 2015

In the first week of January, 1950, Harvard economist Joseph Schumpeter was completing the final edits of a manuscript which he had delivered as a speech on December 30, 1949. The title was: “The March into Socialism.” He died before he finished the editing. The article became a classic. It was reprinted in the third […]

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Christian Economics in One Lesson: Chapter 4

Written by Gary North on April 25, 2015

Public Works Mean Taxes For the lips of a strange woman drop as an honeycomb, and her mouth is smoother than oil: But her end is bitter as wormwood, sharp as a two-edged sword (Proverbs 5:3-4). The author of Proverbs in the first nine chapters contrasts the faithful wife with the strange woman. He uses […]

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A Letter to David Stockman

Written by Gary North on March 14, 2015

Dear David: I want to let you know just how glad I am I’m not in your shoes. Responsibility goes with the territory. You oversee a lot of territory. You obviously have a lot of spare time on your hands, and so you have started a website. It gets a lot of traffic. The site […]

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Americans Don’t Trust Washington

Written by Gary North on March 12, 2015

Americans still think the federal government can and should solve problems. This is their default mode. At the same time, they do not think Washington is competent. This is what is sometimes called cognitive dissonance. Lack of trust is across the boards: in the presidency, Congress, and the Supreme Court. Here are the latest findings. […]

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Undermining John Maynard Keynes

Written by Gary North on February 19, 2015

I have been writing recently about my proposed Keynes project. I have pointed out that no young economist has taken the bait. Nobody wants to devote a lifetime to refute the central economist of the 20th century. Murray Rothbard would have done a devastating job on Keynes, but he died before he got to the […]

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How to Deal With Leftist Bishops

Written by Gary North on February 19, 2015

In the United States, the Federal Council of Churches began in 1908. About 5% of the budget was paid for by John D. Rockefeller, Sr. Rockefeller was a major promoter of the social gospel, as was his son. Social gospel economics hit the Roman Catholic Church only after the death of Pope Pius XII. But […]

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The Middle Class Is Slowly Shrinking

Written by Gary North on February 9, 2015

News from Pew Research. The share of adults who live in middle-income households has eroded over time, from 61% in 1970 to 51% in 2013. Although the share is unchanged in recent years – it was the same in 2010 – the erosion over the last four decades has been sure and steady, through economic […]

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A Rising Dollar Terrifies Keynesians

Written by Gary North on January 28, 2015

The headline in the Financial Times blares this message: Strong dollar weighs on US results. Keynesians love soft dollars. They love price inflation. They love a boom caused by central bank inflation. The Federal Reserve stopped QE3 last year. It is no longer buying U.S. government debt, Fannie Mae debt, Freddy Mac debt, or anything […]

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