TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST   Ron Paul's original staff economist, Dr. Gary North! Monday, April 29, 2013

Mises University Seminar, 2013: Judge Napolitano Will Teach Constitutional Law. You cannot not pay to get into this five-session seminar, but about 150 college undergraduates will get into it for free. Mises University is the premier training course on the free market for college undergraduates. It held every summer at the Ludwig von Mises Institute in Auburn, Alabama. Any student who is accepted gets a [...] READ MORE Miracle Grow for GDP: New Accounting Trick The U.S. economy will grow by 3% in July. How do I know? Because a statistician with the government says so, that’s how. How does he know? Because the new accounting methodology guarantees it. Here’s how it works! From now on, money invested in research and development will be counted as an addition to GDP. [...] READ MORE Americans Fear Government More Than They Fear Terrorists A shift has taken place since the lockdown of Boston. In two polls, the results are the same: more Americans fear the government more than they fear terrorism. One poll was taken by Fox News. The other was taken by the Washington Post. This is new. Here is the question: “Would you be willing to [...] READ MORE Gold Has Rebounded. Here Are Reasons Why It Will Continue. CNBC ran an article on gold that indicates that gold has hit a floor. The main reason offered is a good one: demand for gold is high in India and China. The Indians are traditional holders of gold. They respond to prices. When they perceive the price as low, they buy. The Chinese are just [...] READ MORE Recession Spreads in Europe, Threatens the USA The recession in Europe has spread into every large nation. Still, price are rising. The European Central Bank is powerless. It has officially set lending rates at 0.75%. Still, the economies are crashing. Greece has a 27% unemployment rate. So does Spain. Now there is talk of a rate cut by the ECB. To which [...] READ MORE Internet Sales Tax Bill Will Pass in the Senate. It’s almost here: a new sales tax on Internet purchases. The Senate will vote in 11 days. The preliminary vote was 63 to 30. Then it will go to the House. If the House passes it, Obama will sign it into law. You and I will start paying sales taxes on orders from companies that [...] READ MORE Connecticut: “No Guns, No Gold” You probably know about the gun control bill that was voted into law this month. Gun manufacturers are threatening to move out of the state. The story is here. The state is now about to shut down all coin stores. A bill to require complete record-keeping on all sales, including photos of every coin sold, [...] READ MORE Duck Dynasty Shoots American Idol Out of the Sky. The A&E’s top show scored higher than the yuppie favorite. At A&E, they are happy, happy, happy. Like a flock of ducks lured to their doom by a Duck Commander duck call, American Idol was flying along, oblivious to what was happening on the ground. The Robertson men were in their blind, shotguns loaded. Uncle [...] READ MORE Food Stamp Nation: 20% of U.S. Households The economic recovery rolls on. The number of American households receiving food stamps has hit 23 million. This is 23 million out of 115 million households. That’s 20%. The government has a solution. Stop calling them food stamps. It has now issued cards that look just like credit cards. Also, it has changed the name [...] READ MORE How to Reduce Political Conflict in the State of Israel An Associated Press story describes a political war in the State of Israel. A new political party is now in second place. This is in a nation in which no political party has ever gained a majority vote. It is a nation of coalition politics. The new party is opposed to what is called ultra-Orthodox [...] READ MORE