TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Friday, February 22, 2013

$780 Bill for Late-Showing Ambulance. The Victim Died. It was New Year’s Eve. The Washington D.C. fireforce was sick. Really sick. A quarter of them called in sick. I mean, you don’t want firemen on the job on New Year’s Eve if they’re sick. But the firemen also answer emergency calls. One man called in for an ambulance. His father was short of... READ MORE Harvard’s President Says We Shouldn’t Judge a College Degree’s Value by Graduates’ Salaries. It costs $250,000 to earn a B.A. from Harvard University. This assumes that prices will not go up over the next four years. But they always do. The president of Harvard knows that the job market is rotten for college graduates. In Atlanta, you have to have a B.A. to get a clerk’s filing job. ... READ MORE This Little Piggy: How to Retain $85 Billion in Pork Sequestration begins on March 1. This means spending cuts. Well, not exactly cuts. There will be reductions in spending increases. Both sides are aghast. The thought of a pork reduction program of $85 billion in a budget of $3.8 trillion is horrifying in Washington. Reuters calls such cuts “harsh.” The cuts will go into effect... READ MORE “Let’s You and Him Fight,” Japan’s Prime Minister Tells Obama. Shinzo Abe, Japan’s Prime Minister of the month, is meeting with President Obama. This is the fifth PM from Japan that Obama has met with. It won’t be the last. Japan has a few useless islands that China is trying to get by force. Abe wants the U.S. to back Japan in keeping these islands. ... READ MORE The Nanny State vs. Junk Food I do not eat much junk food. I haven’t since 1949. In that year, I was put on a rigorous diet by America’s first nutrition physician, Francis Pottenger. I was 7 years old. He got me well. He took me off white bread, refined sugar, and anything resembling junk food. I got well in 18... READ MORE Spending Cuts Loom for Pentagon: Automatic Sequestration The 2011 budget bill established automatic spending cuts. These will begin on March 1 unless Congress and the President agree on a way to kick the can and run up the on-budget deficit. The whole thing is a charade. The cuts are always cuts in the expected increase in spending, not actual reductions in today’s... ... READ MORE Desperation at the New York Times. There’s Good News Tonight! Liberalism is on the run. The New York Times is selling everything that isn’t nailed down. It is trying to sell the liberal Boston Globe. It sold its papers in Florida. It sold its share of the Boston Red Sox. The Times is the voice of American liberalism. Its voice is turning into an old... READ MORE Bad Bet: Atlantic City as a Resort Town Funded by Gamblers A major casino just filed for bankruptcy. It was going to be a resort casino. No smoking. Ten swimming pools. “Ain’t we got stuff?” No, you ain’t. The investors of $2.4 billion just lost all their chips. “Round and round it goes. Where it stops, nobody knows.” Atlantic City will remain what it has been.... READ MORE Armen Alchian, RIP Armen Alchian died on February 19 at the age of 98. I learned this on February 20. At the end of the day on February 19, I was working on a book I am writing on the structure of economic thought. I try to write two pages a day. I wrote this: There is a... READ MORE “Klaatu, Barada, Bar Code”: Bar Codes Visible from Outer Space What will we learn next? Take a look at some bar codes that Google Maps has turned up. What are these all about? We are told that they were camera calibrating devices. American spy planes in the 1950s and 1960s flew overhead, taking photos. But to take a good photo, a camera needs precise measurements... READ MORE