TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Wednesday, March 13, 2013

A Civil War Inside Austrian Economics Gary North’s Reality Check The Austrian School of economics in the twentieth century was dominated by Ludwig von Mises. He died in 1973. His followers have divided into two main camps: the Rothbardians and the Lachmannites. They have adopted rival philosophies and rival strategies. The main strategy of the Lachmannites is to get tenure at... READ MORE Gridlock. Wonderful Gridlock. The crunch will come on March 27, when the federal account juggling going on in Washington finally will end. Then sequestration will begin. Congress is deadlocked. Senate Democrats are proposing tax hikes. Surprise, surprise. They want taxes to increase by a trillion dollars over 10 years — the ever-popular “decade game. ” They will also ... READ MORE The Search for More Pork on Mars Continues There isn’t any life on Mars. There is no evidence that there ever was life on Mars. But there is surely pork on Mars. NASA wants to continue to slice off plenty of it. NASA today is eligible for sequestration, preferably 100% sequestration. NASA does nothing worth financing by the private sector. It never has. ... READ MORE Poll: Obama Falls Behind Republicans on Deficit Issue In a recent poll, 44% of people polled said they prefer the Republican’s stand on the deficit. Only 42% preferred Obama. This means that the country remains split. This means that gridlock prevails this month. This means that the Republicans have not yet capitulated on hiking the debt ceiling. They will in May. The present... READ MORE How Americans Can Avoid Capital Gains Taxes Forever They can move to Puerto Rico. That’s all there is to it? Yes. Puerto Rico has been a great tax haven for Americans for decades. I had a Puerto Rican official speak at one of my conferences 25 years ago on this. Any firm that employed up to five Puerto Ricans could avoid federal income ... READ MORE My Secret for Getting Things Done I publish a free tip of the week. I have for seven years. People sign up at www.GaryNorth.com. Last Saturday, I sent out this. It was on routines. * * * * * * * * * * * * * * * * * * * * When I wrote my Economic Commentary on ... READ MORE Rich People Live Longer. Leftists Are Shocked. Shocked! Gary North’s Reality Check The best way to send a leftist into apoplexy is to show that rich people have some advantage that poor people don’t. “Unfair! Unfair! The government must do something about this!” Rich people in the United States have longer life expectancies than poor people do. This information has been available for... READ MORE The World’s Greatest Living Economist . . . . is Thomas Sowell. I first encountered his name in 1967, when I was writing the chapter on Marx’s economics in my first book, Marx’s Religion of Revolution (1968). Sowell had written an article for the American Economic Review in 1960. I did not know at the time that he had written... READ MORE Free Digitized Newspapers for Historical Research Do we want the federal government to continue to spend millions of dollars to digitize old newspapers? Or do we want this guy to do it for free as a hobby? You decide. ... READ MORE Karzai Says U.S. Is Holding Talks with the Taliban This is called biting the hand that feeds you. Mr. Karzai sees the handwriting on the wall. Obama has said he will withdraw the troops. This means the Taliban will once again run Afghanistan. Mr. Karzai will not. That is because Mr. Karzai will be gone, one way or another: either by plane or by ... READ MORE