TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Thursday, February 28, 2013

Incompetence in Action: $10 Eyeglasses from a Myopic Company I want to buy several pairs of eyeglasses. I want them in several rooms in my house. I am tired of not finding my reading glasses next to my books, my distance vision glasses not in the TV room, etc. I went to an eyeglasses firm in the town’s upscale mall. It was a very ... READ MORE Video: DHS Checkpoints. Ask: “Am I Being Detained?” Department of Homeland Security stops drivers who refuse to be questioned. These checkpoints were 50 miles from the border. They have no probable cause. They have no warrants. But they have badges. And they have attitude. Think of Alabama in 1960. Think these words: “Look here, boy.” Same profession. Same pool of job applicants. Same ... READ MORE UN’s #1 Global Warming Spokesman Has No Training in Climatology. The #1 global warming pooh-bah at the United Nations Organization has zero training in climatology. He is a professor of railroad engineering. He also taught economics. He travels the world telling us about climate change. But he has a problem. There has been no increase in temperatures in over a decade. Here is the Wikipedia ... READ MORE Declining GDP “Bang” for a Buck’s Worth of New Debt This graph shows the declining “bang” in America’s Gross Domestic Product for each new dollar of debt. It’s a pea-shooter today. Bernanke can inflate all he wants. The economy remains stagnant. ... READ MORE James Howard Kunstler: Foul-Mouthed Apologist for the Good Old Boys Gary North’s Reality Check My objection to Kunstler begins with the title of his website. I choose not to repeat it here. You can click through. http://www.kunstler.com/index.php He is a Leftist. He is a foul-mouthed Leftist. But the main problem with Kunstler is not that he is one more Leftist critic of the free market. ... READ MORE Back on the Street Again: Deportees Are Released The immigration bureaucracy, known as the ICE, has released several hundred deportees. They were free to go. They went. The head of the agency said that this was in preparation for expected budget cuts. A federal bureaucracy is trying to save money.What’s going on here? This is a tried-and-true strategy of all governments that are ... READ MORE How to Evaluate a Conspiracy Theory Video Here is a fundamental rule by which you can judge every conspiracy theory. If there is only a video, it is not worth trusting. Videos are powerful in their ability to convey ideas rapidly. The script writer has a tremendous advantage over the viewer. He can pick and choose from his film clips, and then ... READ MORE Bernanke Cons the Cons . . . As Always Bernanke gave a presentation in front of U.S. Senators, and they all played puppy dogs. Elizabeth Warren, the ersatz Cherokee Indian squaw from Harvard, asked him why the Federal Reserve has not come up with a solution to the “too big to fail” banks. Bernanke said they’re working on it. There were questions about how ... READ MORE Government Spending Cuts? No. Spending Increases. We have head about the trillion dollars in automatic spending cuts. It’s headline news. That’s part of the decade flim-flam. The government always reports one full decade’s cuts. But it never, ever mentions in these reports regardung the Congressional Budget Office’s estimate of total federal spending over the decade: $47 trillion. You mean that the... READ MORE Big Bank Bailout Rolls On: $83 Billion a Year U.S. taxpayers cough up $83 billion every year for the 10 largest U.S. banks. The top five get about $64 billion. This is equal to their total profits. The public does not know this. Congress does not know this. Top bankers know this, because the story of how banks do it was published by the ... READ MORE