TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Wednesday, April 10, 2013

Knife Control Lobby Considers Response to Knifings at a Texas College The brutal, senseless knifing of a dozen students at a community college in Texas has mobilized the knife control movement. The authorities moved in fast. Here is one report. Cy-Fair ISD secured the several campuses as a precaution during the chaos. Those schools were Aragon Middle, Postma Elementary, Fiest Elementary, Copeland Elementary, Birkes Elementary, Rennell [...] READ MORE The $100 Bill: Black Market Money Around the World I have been writing about this for almost 40 years. America’s currency is used mostly outside the USA. Currency withdrawn from the U.S. banking system that is not re-deposited shrinks the M1 money supply. It reverses the fractional reserve process. It shrinks the money supply. At the 1974 Austrian scholars’ conference held at South Royalton, [...] READ MORE Keynesian Leaders Demand More Deficits to Avoid Recession. George Soros has said that Europe will go into recession this year if governments adopt austerity, i.e., do not run huge deficits. Our new Secretary of the Treasury has demanded the same thing. Keynesians love two things: national government deficits and central bank counterfeiting to fund these deficits. Their mantra is this: “Deficits and digits.” [...] READ MORE Mandatory National Sex Education Proposed No more parental control! No more voluntatism! No more out-of-wedlock birth! Do these follow? No. The opposite follows. But that does not stop this guy, who writes for the Huffington Post, the journal that puts the jerk into knee-jerk liberal. A new report from the Centers for Disease Control (CDC) says one in five births [...] READ MORE Gold As Legal Tender for States In a dozen states, there are bills to make gold legal tender. Nothing much will come of this. First, the concept of legal tender is anti-free market. A state should not declare anything as legal tender. It should limit itself to declaring the proper currency for the payment of taxes. Second, most of these bills [...] READ MORE How the Big Banks Stripped Cyprus Clean Before the Collapse The big banks in the eurozone started pulling money out of Cyprus’ banks a year before the ultimatum. They made sure they got paid. Then the European Central Bank announced the ultimatum. At first, all depositors were to take the loss, but the parliament refused. So, they got the big depositors. These were private depositors. [...] READ MORE California’s Mini-Boom in Housing Cannot Be Sustained — Ritholz California’s housing prices have rebounded over the last year. Why? Barry Ritholz, an astute observer, lists the artificial conditions that have caused this. The Federal Reserve system has prompted an enormous amount of money in order to purchase Fannie Mae and Freddie Mac bonds. This initially had the effect of lowering mortgage rates, but in [...] READ MORE Ammo Rationing Is Here Ammunition is in such short supply (at today’s prices) that police departments in east Texas are not able to buy it. Officers are not issued ammunition. They have to buy their own. There is something strange with a market when any item becomes so scarce that rationing is required. Under normal circumstances, the manufacturer would [...] READ MORE Beating Obamacare: Strategies That Work Some businesses are cutting full-time people to part time. Others are going to pay the $2,000 a year fine. Result: no health care insurance. Nancy Pelosi thought she could get health care for all. She got Obama to front the program. He did, but she clearly was the ramrod behind it. It has not worked. [...] READ MORE Mr. Second Amendment: Larry Pratt of Gun Owners of America Larry Pratt runs Gun Owners of America. He has run it for almost 40 years. If there is another lobbyist in Washington who has run a lobbying organization as influential as GOA longer than Pratt has, I have not heard of it. Yet the New York Times only discovered his existence recently. It ran a [...] READ MORE