The TEA PARTY ECONOMIST
Ron Paul's original staff economist, Dr. Gary North!
$1 Trillion Bailout: Student Loans
There is now a proposal before Congress for the government to pay off all the banks that have lent money to students. The government has already changed the bankruptcy law to make it almost impossible for students to escape this debt. But the banks still cannot collect the money. So, it’s Congress to the rescue!... READ MORE
Santa’s Greatest Gift: Online Price Wars
The free market is making available low-cost Christmas gifts. Here is an example: a video game that went from $50 to $15 in 7 days. A price war broke out. Amazon drove down the price. Walmart and Target followed suit. It pays to shop online. It pays to wait to buy presents. There is no... READ MORE
How Costco Avoided the Fiscal Cliff
The tax rate on dividends will triple on January 1. It pays to pay out dividends this year. Costco’s Board of Directors decided to pay over $3 million in dividends this year. To pay for this, the company will borrow the money. At today’s low interest rates, that is a savvy move. The Wall Street... READ MORE
Showdown at the Fiscal Cliff
Soon-to-resign Timothy Geithner’s bluff at the edge of the fiscal cliff has just been challenged by John Boehner. Geithner told Boehner and McConnell that there must be taxes on the rich. Boehner has staked his reputation on a rejection of this proposal. He has nothing to lose by standing firm. I have kept saying that... READ MORE
Ron Paul's original staff economist, Dr. Gary North!
Monday, December 3, 2012
$1 Trillion Bailout: Student Loans
There is now a proposal before Congress for the government to pay off all the banks that have lent money to students. The government has already changed the bankruptcy law to make it almost impossible for students to escape this debt. But the banks still cannot collect the money. So, it’s Congress to the rescue!... READ MORE
Santa’s Greatest Gift: Online Price Wars
The free market is making available low-cost Christmas gifts. Here is an example: a video game that went from $50 to $15 in 7 days. A price war broke out. Amazon drove down the price. Walmart and Target followed suit. It pays to shop online. It pays to wait to buy presents. There is no... READ MORE
How Costco Avoided the Fiscal Cliff
The tax rate on dividends will triple on January 1. It pays to pay out dividends this year. Costco’s Board of Directors decided to pay over $3 million in dividends this year. To pay for this, the company will borrow the money. At today’s low interest rates, that is a savvy move. The Wall Street... READ MORE
Showdown at the Fiscal Cliff
Soon-to-resign Timothy Geithner’s bluff at the edge of the fiscal cliff has just been challenged by John Boehner. Geithner told Boehner and McConnell that there must be taxes on the rich. Boehner has staked his reputation on a rejection of this proposal. He has nothing to lose by standing firm. I have kept saying that... READ MORE
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