TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Tuesday, February 5, 2013

The $154,000,000 High School. Did Your School District Build One? Maybe. Over 1,000 school districts and local government agencies have built projects with something called capital appreciation bonds. These are high-interest bonds that require no payments for 20 years — and then: Whammo! Huge payments for the next 15 years. Here is the story of a California school district that built a high school without voters’... READ MORE The Wisdom of Jennifer Lawrence, Age 21 I am a Jennifer Lawrence fan. I saw Winter’s Bone. I had never seen anything like it before. It was set in the rural Ozarks. I lived there. I never saw anything like that, but two counties over, north and east, such a subculture exists. There is a scene where she skins a squirrel. It... READ MORE Coursera: A Free College Education Online at Home Coursera is new. When this video was shot, faculty members at four universities were involved. Today, 33 major universities participate. This list keeps growing. The cat is now out of the bag. You can get a first-rate education at home for free. Soon, this program will grant certificates of completion — not quite a B.A., ... READ MORE Gov. Bobby Jindal: “Pull Your Kids Out of the Public Schools.” Louisiana Governor Bobby Jindal gave a speech at a National Review summit meeting on the future of conservatism. It got some media coverage, but Cal Thomas zeroed in on a key segment of the speech. This got no media coverage. Thomas wrote: If Republicans want to do something about the future, they should back a... READ MORE Bill Gross and the Copyright Fairy I want to write an article on an article that Bill Gross wrote. Mr. Gross runs the world’s largest bond investing fund. He is famous in the investment community. Recently, he wrote a very important article. It had a catchy title. I would like to share it with you. Unfortunately, I am not allowed to. ... READ MORE Surveilance Drone Can See What You Are Doing from 15,000 Feet. This is some camera! ... READ MORE The Government Is Going to Help Americans Keep Their Retirement Funds Safe. Oh, Goodie. “I’m from the government, and I’m here to help you.” Run. We know what’s coming. The government will find lots of risks for Americans. Next step: a program to offer government-guaranteed retirement bonds tied to the dollar. They will pay maybe 3% — guaranteed! Then these bonds will be made compulsory. Then consumer prices will... READ MORE Student Debt: A Needless Burden, Yet Widespread No liberal arts student needs to pay more than $15,000 to earn an accredited bachelor’s degree. That’s about $10.50 a day. Working at a fast food restaurant part time will pay for this. But parents send their children into the debt swamp, even dipping into their retirement savings to pay for this. Even with help... READ MORE The German Central Bank Wants Half of Its Gold Back. The German central bankers have been pressured by politicians to demand that half of the nation’s gold be sent back to the German central bank. Senior officials at the Federal Reserve persuaded the Germans to get their gold back over seven years. Does this sound as though the New York FED has assigned Germany’s gold... READ MORE Walmart Wins, Union Loses. Walmart Shoppers Never Noticed. The union that tried to create problems for Walmart in the Thanksgiving sales failed miserably. There were pickets at 26 stores nationally. It was a complete flop. Now the National Labor Relations Board has ordered the union to cease picketing. This means that the picketing was illegal after all, just as Walmart had claimed in... READ MORE