TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Monday, January 7, 2013

Social Security = Leprechaun Economics Gary North’s Remnant Review (Jan. 7, 2013) I want to discuss an article. I may be exaggerating, but I regard this article as the most sophisticated exercise in terminal naiveté that I have ever read. It is an intelligent article with respect to the problems that it lays out. It is dealing with the Ponzi... READ MORE Controlling Your Children from Beyond the Grave I received this inquiry: I have been purchasing 1 oz gold coins over the past several years as central bank insurance, and am beginning to accumulate a substantial amount. After I die, I’m afraid my heirs will immediately exchange this gold for paper currency units, having no idea or care of the gold’s importance. The... READ MORE If You Lose Your Job, You Had Better Have a Fall-Back Plan The USA gained 155,000 jobs in December 2012. In December 2011, it added 200,000 jobs. Something is wrong. Job growth is slowing down. Why? One reason is Obamacare. It now pays firms with about 50 people on their payrolls to fire workers, or to cut back their hours below 30 a week. This makes these... READ MORE The National Rifle Association Shoots a Gaping Hole in the National Rifle Association The NRA’s chief spokesman, Wayne T. LaPierre, got more publicity than he ever has before when he came out in favor of getting an armed guard in every public school. This was in response to the Newtown killings. He was after a sound bite. He got it. He called for the end of the gun-free... READ MORE Are Most Americans Utterly Blind About Gold? Yes. Gold was under $300 an ounce in 2001. It is now over $1650. Still, the vast majority of Americans have never even seen a gold coin, even though they are produced by the U.S. Mint, and have been for 30 years. I run a website, Gary North’s Specific Answers. This was posted on one of... READ MORE Idaho Adopts Khan’s Free Online Academy The state of Idaho’s educational bureaucracy next year will allow public school students in two dozen schools to take Khan Academy’s free courses for full credit. This is a test. This is a huge breakthrough for liberty. It means that a state has tentatively accepted the idea that online education that is provided by a... READ MORE “Gold, Silver, and Oil.” The Mogambo Guru Is Back! In the first decade of this century, the Mogambo Guru was a source of great wisdom and lots of funny stuff about life in a paranoid’s mental bunker. The Mogambo is the alter ego of Richard Daughtry, an investment professional who does not trust the U.S. government . . . or any government, for that... READ MORE “Ship Them to Asia!” Germany’s Solution to Care for the Elderly. Now here’s a cost-effective solution. When it costs too much to care for the elderly, and you’re a government official, what can you do to help balance the budget? Ship them to Asia. It’s cheaper to buy property in Asia. I don’t mean in Beijing. I mean the low-income countries. You can get cheaper doctors... READ MORE