TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Friday, March 1, 2013

Who Will Win the Game of Sequestration Chicken? Obama says Congress must raise taxes on the rich. Public opinion polls say most Americans agree. Most Americans are thieves. They want all of the government-provided goodies at someone else’s expense. That is what the welfare state is all about. Speaker of the House Boehner says “no deal. Cut spending.” If he deviates this month, ... READ MORE Video: America’s #1 High School Basketball Team. Can This Be? The #1 team, according to the New York Times, is Lone Peak High School. With a name like Lone Peak, you can be sure of one thing: it’s not located in downtown Detroit. “There was one team we played that was literally laughing when we were warming up,” the senior center Eric Mika said with ... READ MORE Bernanke Hails Higher Interest Rates as a Good Sign. Problem: Bond Rates Have Fallen. On Wednesday, February 27, Bernanke testified to the House Financial Services Committee. He said this under questioning. “The fact that interest rates have gone up a bit is actually indicative of a stronger economy.” Rising rates indicate that the Federal Reserve’s stimulus policy is working. Short-term interest rates on U.S. Treasury debt are up a ... READ MORE Overpaid Federal Bureaucrats Are Outraged at Spending Cuts Federal bureaucrats blame the politicians for not taxing the rest of us. We owe it to them, they say, and it’s just not fair that we want to hold the deficit down to a trillion dollars a year. We can do better than that. The gravy train is running slightly thinner for a month. But ... READ MORE Incompetence in Action: $10 Eyeglasses from a Myopic Company I want to buy several pairs of eyeglasses. I want them in several rooms in my house. I am tired of not finding my reading glasses next to my books, my distance vision glasses not in the TV room, etc. I went to an eyeglasses firm in the town’s upscale mall. It was a very ... READ MORE Video: DHS Checkpoints. Ask: “Am I Being Detained?” Department of Homeland Security stops drivers who refuse to be questioned. These checkpoints were 50 miles from the border. They have no probable cause. They have no warrants. But they have badges. And they have attitude. Think of Alabama in 1960. Think these words: “Look here, boy.” Same profession. Same pool of job applicants. Same ... READ MORE UN’s #1 Global Warming Spokesman Has No Training in Climatology. The #1 global warming pooh-bah at the United Nations Organization has zero training in climatology. He is a professor of railroad engineering. He also taught economics. He travels the world telling us about climate change. But he has a problem. There has been no increase in temperatures in over a decade. Here is the Wikipedia ... READ MORE Declining GDP “Bang” for a Buck’s Worth of New Debt This graph shows the declining “bang” in America’s Gross Domestic Product for each new dollar of debt. It’s a pea-shooter today. Bernanke can inflate all he wants. The economy remains stagnant. ... READ MORE 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