TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Friday, February 8, 2013

Cap Pistols, Gun Control, and Ethics Gary North’s Reality Check It never ceases to amaze me how many articles that we can find on Wikipedia. Rare is the case when I search for a topic, type in wiki, and the first article that my search engine discovers is not a Wikipedia article on exactly that topic. I searched for “cap pistol”... READ MORE Cosmo Girls Have Smartphones. So, Cosmopolitan Is Dying. Another print-based magazine is about to byte the dust. Women’s magazines have their biggest sales at supermarket check-out lines. But these days, women with money have smartphones. Do they buy a women’s magazine to browse through while they are waiting? Not any more. They check their smartphones. Cosmopolitan‘s print-based magazine sales fell 18.5% in 2012.... READ MORE Job vs. Calling in a Lawyer’s Career Your job is not your calling. Your job is what you do to put food on the table. Your calling is the most important thing you can do in which you would be most difficult to replace. Here, I apply this distinction to the careers of lawyers. I delivered it at a meeting of the... READ MORE Band Aid on Cancer: Another Program to “Save” the Public Schools Here is a PBS News Hour segment on a non-profit program to reverse the effects of tax-funded education on the victims: students. The program is positive. It identifies top-flight teachers in Chicago’s inner city high schools. It puts them in charge of one class period per day, where students who want to go to college... READ MORE The Andromeda Strain, Yes. Jesus, No. Your Tax Dollars at Work. You have heard about the need for the separation of church and state. What about the separation of science and state? But science is neutral, we are told. Suuuuure it is. Scientists are impartial searchers of truth. Suuuuure they are. The space program above earth’s gravity is a Darwinist boondoggle. The money spent by the... READ MORE Dead Letter Office: USPS Cuts Services. Nobody Cares. When a profit-seeking firm sees that no one wants its services, it finds ways to lower prices and improve services. The United States Postal Service does what government agencies do: it raises prices and cuts services. In its press release announcing the cessation of Saturday delivery of mail in August, we learn the following. WASHINGTON... READ MORE Gov. Jindal Wants Sales Tax Revenue and No State Income Tax. Liberals Are Aghast. Sales taxes are flat taxes. Liberals prefer income taxes. Income taxes let tax collectors impose higher percentages on rich people. Voters like rich people to pay more. They themselves do not want to pay more. “Stick it to the fat cats” has been the voters’ cry ever since 1913, when the government announced — without... READ MORE New York Times Criticizes Obama’s Drone Murders. The New York Times ran an editorial criticizing Obama’s decision to authorize himself as the public executioner: jury, judge, and executioner. This editorial is amazing insofar as it is sensible. The paper argues that judges and Congress don’t have the right to rule on or interfere with decisions made in the heat of combat. Some... READ MORE The Luddites Among Us Gary North’s Reality Check Certain economic ideas that are both logically wrong and unsupported by historical facts, and which have been known to be wrong for 250 years, are still widely held. This annoys economists. There is something that seems inherent in men’s approach to thinking about their own wealth that persuades them that what... READ MORE Falling U.S. Birth Rate: We Are Turning into Europe. Birth rates are falling around the world. Japan was first. Then Europe. Then China. The U.S.A. was the hold-out. Now it has fallen below 2.1 children per woman–replacement rate. White, college-educated American women are down to 1.6 children. Mexican birth rates are way down. So are Mexican-American rates. Latin America is down. The immigrants kept... READ MORE