TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Wednesday, January 9, 2013

Retirement Lies People Tell Themselves Barry Ritholz has written down 20 lies people tell themselves about our “golden years.” Are you indulging in any of them? Here are the first 10. We can avoid allowing our emotions to impact our thinking and behavior We don’t have many biases that affect the way we perceive the world around us We can ... READ MORE The Four Business Gangs That Run America You probably knew about three of them. Economist Jeffrey Sachs lists them, and adds a fourth. 1. The military-industrial (-Washington) complex. 2. The Wall Street-Washington complex 3. The oil-transportation complex. There is a fourth. Guess what it is. If you are stuck, you will understand perfectly when you click the link. ... READ MORE Budgeting for a Lifestyle Contraction I regard survivalism as a legitimate lifestyle that is hedging against a series of events that are unlikely to take place, but which if they ever take place, would place the serious survivalist in a much better position to deal with these events than most others who live in an urban environment. The basic issue... READ MORE Public School Teachers Pay Others to Take Their Employment Tests What if your child were being taught by a teacher who could not pass a 12th-grade-level test in that teacher’s major field? What if that teacher, with a B.A. in education, paid someone else to take a mandatory teacher qualification exam? It happens all the time. The scandal of the hire-an-exam-taker broke a year ago. ... READ MORE A Bill to Register Buyers of Gold and Silver Coins It had to come. It has been introduced in Illinois, the most anti-gun state in the USA. Creates the Precious Metal Purchasing Act. Provides that a person who is in the business of purchasing precious metal shall obtain a proof of ownership, create a record of the sale, and verify the identity of the seller. ... READ MORE If Your Child Were Being Taught History by This Teacher, Would You Pull Your Child Out of School? The president of the victorious teachers’ union in Chicago gave a speech last year. In it, she said that American labor leaders — meaning trade union leaders — in the late 19th century were willing to kill the rich: “Off with their heads.” The crowd laughed. This is utter nonsense. The Knights of Labor and... READ MORE Don’t Go into Debt for an MBA If your employer foolishly offers to fund a night school MBA, you might consider it. But if you must spend $30,000 to $100,000, skip it. The top schools get $150,000. There are half a dozen that may pay off: Harvard, Chicago, Wharton, Stanford, and maybe a few otherwise. These are the diamonds. The rest of... READ MORE From Vitality to Death: Detroit’s Cass Tech High School in Photos A photographer discovered filing cabinets filled with old photos of Detroit’s Cass Tech High School. The school had been abandoned. He pieced together photos of the very same rooms, then and now. Each photo is a composite. In most cases, the color photos are older. If you want to see what high taxes, government bloat, ... READ MORE