TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Tuesday, February 19, 2013

Michael Jordan Turns 50. It Can’t Be True. Say it isn’t so, Joe. Not Michael Jordan. Not 50. There is a page with a bunch of Jordan moves. You will not be able to stop watching if you start watching. Somewhere in my collection of videos, I have the 1982 NCAA finals, which pitted the University of North Carolina against Georgetown. Jordan won... READ MORE 21% of Credit Reports Have an Error. What About Yours? A recent report indicates that 21% of all Americans have an error in their credit scores. It also reported that 5% of Americans have serious errors in their reports. Ho, hum. What else is new? If this report were not the case, I would not believe any of the statistics regarding the credit reports. Anybody... ... READ MORE Toddlers in New York City Cram for a Kindergarten Entrance Exam. At age 4, kids are expert test-takers. They have to be. If they don’t score well, they will have to attend a public school. Yes, a public school. A New York City public school. The kid is doomed. Rich parents dread the thought. At $30,000 for kindergarten, there is still intense competition. Think of $400,000... READ MORE Tin Price Falls. Tin Foil Hat Industry Ramps Up. The price of tin has fallen. Explanation: the government of China may announce measures to reduce housing speculation. If cause-and-effect here seems vague, that’s because you are not wearing a tin foil hat. There is good news: the cost of these hats will soon fall. The logic is this: China will take unnamed steps to... READ MORE Reversal of Fortune: Why the Power Elite Will Lose Power Remnant Review The best description of the reversal of fortune is Mary’s Magnificat, recorded in the Gospel of Luke, chapter 1, verses 46-55. “He hath put down the mighty from their seats, and exalted them of low degree” (v. 52). This was a fundamental theme in the Old Testament. We are told that those who... READ MORE Terrifying Videos: Russian Meteorite This video gives some indication of what it was like. There is a page where lots of these videos are posted. First, see how many new cars are on the road. Two decades ago, there were nothing but large Soviet cars for officials. There were few cars. It took years to get one if you... ... READ MORE Psychotic Tea Party, Says “Lincoln” Screenwriter In this brief interview by Charlie Rose, the screenwriter of Lincoln refers to Tea Party members as psychotic. Reagan voters, too. He says that the welfare state is community. He says that climate change threatens the species. All of this is as accurate as his script, which says that Lincoln pushed hard to get Congress... READ MORE Cholesterol and Statins: The Debate Rages I do not have high cholesterol. I do not take statins. If I had high cholesterol, I would still not take statins. Click the link. ... READ MORE Obama: A Keynesian, Not a Communist Gary North’s Reality Check “It is said that if you know your enemies and know yourself, you will not be imperiled in a hundred battles; if you do not know your enemies but do know yourself, you will win one and lose one; if you do not know your enemies nor yourself, you will be... READ MORE Video: Decentralization vs. Bureaucratic Monopoly Invest 4 minutes to this video. If it’s right — and it is — then what is the solution? One word: decentralization. I hope not this word: disintegration. Two words: county rights. It means that everything else is tinkering. It means that nothing fundamental will change. It means that any attempt to reform the system... ... READ MORE