TEA PARTY ECONOMIST

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

Why Liberals Hate Conspiracy Theories Remnant Review I wrote an article on Austrian School economist Murray Rothbard. I argued that one of the reasons why tenured Austrian School economists want to distance themselves from him, is his writings on conspiracies in American history. Rothbard was quite clear about his commitment to apply Austrian economics' theories of human action to the... READ MORE Junk Bonds Soar in Price as Investors Seek Higher Rates Junk bonds are high-risk bonds. They are rated CCC — barely above default status. They pay higher interest rates because there is risk of default. You may not get your money back. Bonds are always at risk, because interest rates can rise. When long-term rates rise, the market value of the bonds falls. In times ... READ MORE Feinstein's Assault Weapons Bill: Dead on Arrival California's Diane Feinstein has introduced a bill to ban about 150 types of rifles. There are not machine guns, which are under controls. These are like automatic pistols that let you fire several rounds without physically pulling back the hammer with your thumb. No one speaks of a pistol as an assault weapon, merely because ... READ MORE Foreclosures Decline by 29% The foreclosure crisis is behind us. That is the opinion of the head of RealtyTrac, which monitors this market. Foreclosures and repossessions are now at the 2007 rate. Banks still hold millions of homes off the market. They have decided not to foreclose. They are going to let people live in their homes, even though... READ MORE 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