TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Thursday, December 27, 2012

The Real Meaning of the Fiscal Cliff: “We Were All Lying in 2011.” In August 2011, the House, the Senate, and the President all agreed: taxes on all Americans would rise, and government spending would slow on January 1, 2013. They signed that law in order to get Republicans to agree to an increase in the government’s debt ceiling. They lied. They had no intention of raising taxes,... READ MORE Myth: Higher Taxes Reduce Consumer Spending There is fear that the fiscal cliff will lead to spending cuts by the government. This will reduce consumer spending, we are told. But will it? Why? There will be no spending cuts. There will merely be a slight reduction in the increase of government spending. We are told that higher taxes will also reduce... READ MORE Big Problems and Big Government Gary North’s Reality Check (Dec. 27, 2012) This article is in the Technology Review. It is typical of an engineer’s view of social problems. Each of the big ones has a technological solution, he says. But they rarely do. The article began with the 1969 walk on the moon. That was the most spectacular and... READ MORE Retired Couple Turn into World Traveling Nomads This couple sold their home in Paso Robles, California, and started touring the world. We hear about people like this. These people have done it. The wife started a blog site about their travels: http://homefreeadventures.com. They were worried about old age. They wanted to see the world. So, they are doing just that. They rent... READ MORE 600,000 to 800,000 People Are Expected to Attend the Inaugural. Why? Why would anyone pay to fly to Washington, D.C., pay $600 a night at a hotel, just to see President Obama inaugurated? A staggering 1.8 million people did in 2009. That was then. This is now. The crowd will be smaller this time. There are better deals available at smaller hotels and motels. Still, I... READ MORE High-Risk Passwords: Don’t Use One of These Here is a list. It was provided by a firm that specializes in privacy. password, qwerty, 123456, abc123, admin, 111111, shadow, letmein, trustno1, iloveyou, love, football, baseball, monkey, master, batman and common names like michael, jordan, even jennifer. I don’t use any of them. I recommend using a phrase. Take the first letters of each... READ MORE Barely Merry Christmas: Retail Sales Advance Slightly Retail sales advanced a tiny 0.7% October 28 through December 24. A year ago, sales grew by 2% in the same period. Hurricane Sandy may have been partially to blame. But the main reason reason lies deeper: a looming recession, triggered by the fiscal cliff. Taxes are about to rise in the United States. Meanwhile... READ MORE Flash! “Newsweek’s Last Printed Issue Goes On Sale. No One Notices.” Nobody has paid any attention to Newsweek in years. It had no influence. It had no dedicated army of subscribers. It was just another struggling print magazine that was headed for the tar pits. It was liberal. It was boring. It was filled with stories that made no difference. The most famous thing it ever... READ MORE Wealthy Chinese Flee China If you get rich in China, you get out. The elderly Communists who run the country are tyrants. If you get enough money to flee, you flee. About 150,000 of them have flown the coop this year. Their #1 destination: the USA. Who can blame them, other than elderly Communist tyrants? Technically, these people can... READ MORE