TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Monday, March 4, 2013

Global Warming: “Who Cares?” A Huge International Poll Reveals A poll of 22,000 people internationally in 2012 revealed that environmental concerns are at their lowest point in 20 years. The scam is losing traction. This is creating panic among the scammers. While respondents clearly still had grave environmental concerns, fewer people were “very concerned” about various environmental issues than at any point in the ... READ MORE Billionaire Mayor Bloomberg Says There Are No Limits on Federal Spending Nanny Bloomberg is nothing if not forthright. He is rich, powerful, and a liberal. He does not care what anyone thinks. Here are his views on the federal deficit. We are spending money we don’t have. It’s not like your household. In your household, people are saying, ‘Oh, you can’t spend money you don’t have.’ ... READ MORE Fears of a Popped Bubble: China’s Real Estate Boom Falters CBS News’ 60 Minutes ran a feature on China’s real estate bubble. It’s worse that anyone has heard. It has begun to pop. Today, the news is that China’s property-related shares are falling because of fears regarding this popped bubble. As must as 30% of China’s economy is housing-related. The biggest bubble in history has ... READ MORE Republican Governor Cuts State Income Tax Kansas has cut its state income tax to 4.9% at the top and 3% at the bottom. The top rate had been 6.45%. The governor, Sam Brownback, is now pushing for another cut at the top to 3.9%. His long-term target is 0%. The state’s constitution prohibits a deficit in the budget. So, he has ... READ MORE Video: Peter Schiff vs. John Mauldin on the State of the Economy My former partner (Mauldin) and my former stock broker (Schiff) square off. This is the way to get issues clearer. It’s muddle-through economics vs. the Austrian theory of the business cycle. My view: it’s time to prepare personally for the impact of the Austrian theory of the business cycle by taking advantage of Bernanke’s monetary ... READ MORE 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