TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Thursday, March 21, 2013

I Speak Today . . . Live, Online, at No Charge Every year, the Mises Institute sponsors the Austrian Economics Research Conference. It broadcasts the main speeches online for free. I will be delivering my speech at 5:30 p.m., Eastern Daylight Time. It’s on this topic: “How Come We’re So Rich?” The full details of the conference are here: http://mises.org/events/167... READ MORE Bernanke Will Bail in February Bernanke is hinting that he may not accept another term as Chairman of the Board of Governors. My prediction: he will decline the nomination. Why? Because his policies have lit the fuse on the dynamite of mass inflation. The FED cannot sell the $2 trillion in government debt that it bought. The monetary base sits... READ MORE A Phony Gold Standard for Economically Clueless Conservatives Nathan Lewis is a contributor to Forbes. A contributor is a non-salaried writer. Contributors fill up the Forbes site to generate ad revenues. The policy favors quantity over quality. Lewis attacks Austrian School economists as kooks. Why? Because they do not trust the federal government to set up a gold standard that does not rely... READ MORE Head-On Collision: House vs. Senate The Senate passed a bipartisan bill this week. Senate Republicans buckled. “Spend, spend, spend!” The House of Representatives is about to offer its version of the budget. “Cut a little bit for the sake of public relations in our districts!” There will be gridlock in March. This will be enough to let 2011's bipartisan law... READ MORE Cyprus Banks Remain Closed. Banking Panic Looms. The Cyprus central bank decided to keep the banks closed until next Tuesday. The panic is building. This will build it even more. The British media say the government is looking for Plan B. There is no Plan B. There will be no tax on bank accounts, says the parliament. Will there still be a... READ MORE Cyprus Parliament: “Stuff It, Eurocreeps!” The members of the Cypriot Parliament overwhelmingly told the EuroGroup to take a hike on March 19. The secret group with no official name and no official power thought it would force the government of Cyprus to impose a tax on all bank depositors . . . “just this once. We promise.” It was a... READ MORE The Head of the Cyprus Central Bank is Named Panicos (Panic Us). Panicos Demetriades said that the banks could lose 10% of their deposits within days after they re-open if the tax is imposed. Parliament got the message. It did not do what it was told by the President to do. It told the Eurocrats to buzz off. No tax. Now the government must open the banks’... READ MORE Kilowatt Money: Zombie Economics for Naive Conservatives Gary North’s Reality Check The conservative movement has always been filled with monetary cranks. This has been true for well over a century. These cranks have never read a book on economics. They have never taken a class in economics. They have zero practical experience in finance. They come before the conservative public and present... READ MORE Variety Lays Its Last Daily Egg Variety, the gossip newspaper for Hollywood for almost 80 years, has published its last daily issue. It’s the end of an era, fortunately. Published on paper, nobody under age 50 read it. It was long overdue for the last print run. One by one they go. Nobody really cares. It will be online. It will... READ MORE 56 People Killed, 200 Wounded in Baghdad Bombings on 10th Anniversary of Shock and Awe Sunni Muslims sure do know how to pick their anniversaries and their victims. Thus, we are reminded once again of the outcome of Bush’s war in Iraq — a war not officially declared by the U.S. Congress, in opposition to the United States Constitution (Article I, Section 8). But Congress then funded it. What did... READ MORE