TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Tuesday, April 30, 2013

U.S. Government Forbids Ammo-Making Equipment from China. I received this note yesterday. I just spoke to a good entrepreneurial friend. When he read about the ammo shortage he saw a business opportunity. He began researching what is involved in opening and operating ammo manufacturing. He found out that since he is not a felon he just needs a $30 license from the [...] READ MORE The Anti-War WW II Veteran Who Laid the Foundations of American Conservatism Robert Nisbet was a sociologist. Beginning in 1953, he established his intellectual leadership in the American conservative movement. Yet he was opposed to modern warfare, with its messianic claims and gigantic budgets. While conservative Republicans usually favor Pentagon spending, this is because they do not understand how military spending expands the state and reduces our [...] READ MORE Food Stamps for Illegal Mexican Immigrants The United States Department of Agriculture recognizes that illegal immigrants from Mexico have a hard time putting food on the table. So, it cooperates with Mexicans in the USA to promote food stamps. Judicial Watch has reported for years on the USDA’s policy of free food for illegal aliens. It has now pried loose documentation [...] READ MORE Good News: Obama Spends More Time Golfing than Attending Economics Meetings. President Obama prefers golfing and vacationing to spending time in economics meetings. I regard this as good news for the nation. If the President wants to get his golf score down and his bowling score up, I say more power to him. If we could get Congress out on the links instead of in hearings [...] READ MORE Sales Declined in March If the economy is growing, why are sales down? Consumers are cutting back or barely staying even. But corporate profits (earnings) are high. How is this possible? Cost-cutting. How? They are not hiring. Cost-cutting is a good thing, as long as you are not the source of the savings. With unemployment over 11 million, cost-cutting [...] READ MORE Mises University Seminar, 2013: Judge Napolitano Will Teach Constitutional Law. You cannot 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 full [...] 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