TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Wednesday, February 27, 2013

James Howard Kunstler: Foul-Mouthed Apologist for the Good Old Boys Gary North’s Reality Check My objection to Kunstler begins with the title of his website. I choose not to repeat it here. You can click through. http://www.kunstler.com/index.php He is a Leftist. He is a foul-mouthed Leftist. But the main problem with Kunstler is not that he is one more Leftist critic of the free market. ... READ MORE Back on the Street Again: Deportees Are Released The immigration bureaucracy, known as the ICE, has released several hundred deportees. They were free to go. They went. The head of the agency said that this was in preparation for expected budget cuts. A federal bureaucracy is trying to save money.What’s going on here? This is a tried-and-true strategy of all governments that are ... READ MORE How to Evaluate a Conspiracy Theory Video Here is a fundamental rule by which you can judge every conspiracy theory. If there is only a video, it is not worth trusting. Videos are powerful in their ability to convey ideas rapidly. The script writer has a tremendous advantage over the viewer. He can pick and choose from his film clips, and then ... READ MORE Bernanke Cons the Cons . . . As Always Bernanke gave a presentation in front of U.S. Senators, and they all played puppy dogs. Elizabeth Warren, the ersatz Cherokee Indian squaw from Harvard, asked him why the Federal Reserve has not come up with a solution to the “too big to fail” banks. Bernanke said they’re working on it. There were questions about how ... READ MORE Government Spending Cuts? No. Spending Increases. We have head about the trillion dollars in automatic spending cuts. It’s headline news. That’s part of the decade flim-flam. The government always reports one full decade’s cuts. But it never, ever mentions in these reports regardung the Congressional Budget Office’s estimate of total federal spending over the decade: $47 trillion. You mean that the... READ MORE Big Bank Bailout Rolls On: $83 Billion a Year U.S. taxpayers cough up $83 billion every year for the 10 largest U.S. banks. The top five get about $64 billion. This is equal to their total profits. The public does not know this. Congress does not know this. Top bankers know this, because the story of how banks do it was published by the ... READ MORE 85% Hike in Long-Term Care Insurance Premiums So, you think you are going to have long-term care if you need it. You have paid premiums for years. The joke’s on you! The company can get you off its books easily. It just doubles the premium. You go away. Tough luck, sucker! Think it can’t happen? Click the link. ... READ MORE New Homes Sold in the USA: Popped Bubble There is a housing recover in the “sand states,” where the crisis was the worst. But any suggestion that happy days are here again is refuted by the graph from the Federal Reserve Bank of St. Louis. New home sales have barely recovered to the bottom sales in previous recessions. The middle class has not ... READ MORE “Lincoln” Assassinated at the Academy Awards Daniel Day Lewis won the Oscar, but the movie didn’t. He deserved it as best actor. He made the movie’s script seem believable. That took unmatched acting ability. The movie is about the 13th Amendment, which gave slaves their liberty. It spins the yarn that Lincoln pushed it through the House of Representatives by means... READ MORE Bernanke’s Subsidies: Houses and Cars “The Federal Reserve has only two policies: inflation and blarney.” — Franklin Sanders What happens when the Federal Reserve promises to create $1 trillion in fiat money per year, and then starts by buying long-term Treasury bonds and Fannie.Freddie bonds? Interest rates go up. Wait a minute. Weren’t interest rates supposed to go down? Yes, ... READ MORE