TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Tuesday, March 5, 2013

Can You Answer This Left-Wing Defender of Controlled Local Markets? I wrote an article on a far-Left critic of the free market. His name is James Howard Kunstler. You can read it here: http://www.garynorth.com/public/10717.cfm. He responded in the tried and true way that most Lefties respond when they cannot answer your arguments. He cried “fascist.” Better than that: he cried “corn-pone Nazi.” You can read ... READ MORE The Myth of Telecommuting The vast majority of Americans drive to the office and then drive home. They do not telecommute. Working at home by means of the Internet is not a popular option. Over 80% of Americans do not work at home part time. It turns out that most of the hours worked by telecommuting are put in ... READ MORE Panic at NASA: Sequester May Delay Useless Projects The head of NASA, the flying turkey, is concerned that sequestration may lead to budget cuts. It may turn out that NASA will not send a crew to an asteroid in 2025. (I thought Bruce Willis did this years ago.) It may even stop the manned flight to Mars in 2030. Had you heard of ... READ MORE 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