Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on December 27, 2012
This couple sold their home in Paso Robles, California, and started touring the world. We hear about people like this. These people have done it. The wife started a blog site about their travels: http://homefreeadventures.com. They were worried about old age. They wanted to see the world. So, they are doing just that. They rent […]
Continue reading →Written by Gary North on December 24, 2012
Here is a fearful set of statistics. “. . . 65% of all beneficiaries rely on Social Security to provide 50% or more of their incomes, while 36% rely on benefits for 90% or more of their incomes. For non-married beneficiaries, including widows, the reliance is higher with 74% relying on benefits for 50% or […]
Continue reading →Written by Gary North on December 12, 2012
He was 92. Incredibly, he played his final concert last month. Frail in health, he refused to retire. He was my kind of guy. He had been for over 50 years. I remember the first time I saw him perform. It was probably in January 1965. I was enrolling as a graduate student at the […]
Continue reading →Written by Gary North on December 1, 2012
Salman Khan of the Khan Academy has lots of videos on business and economics. Here is a great one. He takes us through the problem of unfunded liabilities. These are growing so fast in Illinois that they cannot be funded much longer. In 2018, more Illinois taxpayers’ money will go to retired teachers than to […]
Continue reading →Written by Gary North on November 16, 2012
It’s official. The Postmaster General has sent an S.O.S. to Congress. “Mayday! Mayday! We’re sinking!” In this video, he says wages will be paid. Can you imagine the head of a $65 billion a year company producing a video that says to workers, saying this? “You will be paid. Trust me.” But the USPS has […]
Continue reading →Written by Gary North on October 26, 2012
Gary North’s Reality Check (Oct. 26, 2012) I want to talk about the inevitable bankruptcy of the Social Security system. I have made this case publicly for 35 years. The beginning of the bankruptcy began in fiscal year 2010. Early in that year, I produced a 90-minute video predicting that this would happen before […]
Continue reading →Written by Gary North on October 16, 2012
This video interview posted by the Wall Street Journal talks about parents’ debt. We know about what students are personally taking on. The average debt is $40,000 at age 23, with no bankruptcy protection. But their parents are matching them. None of this is necessary. College need not cost over $15,000, total. But parents are […]
Continue reading →Written by Gary North on October 9, 2012
Gary North’s Reality Check (Oct. 9, 2012) Most of the academic economists I know were able to retire rich. I define “rich” in a special way: the ability to quit your day job, retire permanently, and not suffer a reduction in your lifestyle. There are a lot of people who think the government has promised […]
Continue reading →Written by Gary North on October 9, 2012
There has never been an Austrian School economist on the faculty of an Ivy League university. There have been two ex-Austrians. Three decades ago, Fritz Machlup taught at Princeton, but he had long since abandoned his Austrian views. He had been a follower of Mises until the 1940s. Mises saved his life by persuading him […]
Continue reading →Written by Gary North on October 1, 2012
The U.S. Postal Service owes $5.6 billion to pay into its unionized workers’ health fund. It does not have the money. Let’s call this delay what is really is: a default. It is a prelude of things to come to the entire U.S. government budget. This is the second time in two months that the […]
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