TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Monday, April 8, 2013

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 The Liberal Newspaper Industry Is Still Dying, But Slower Half of the American newspaper industry reported a revenue loss in 2012 of only 2%. This was reported as a triumph. We don’t know how well the other half of the industry did.. The story said that some newspapers are charging online subscriptions. I know the New York Times is. I don’t pay anything. Do [...] READ MORE Budget: Obama Pretends to Surrender. President Obama’s budget was due in February. It is now promised for next week. Of course, key facts — all favorable to Obama — have been conveniently leaked. The media play along. There will be changes in Medicare that will save $400 billion. Then comes the inevitable qualification: over the next 10 years. This is [...] READ MORE Hopeless Savers: 0.26% on Money Markets The plight of savers in America is hopeless. We know that price inflation is over 2% per year. What do investors get in a money market fund? A pathetic 0.26%. Then they pay income taxes on this 0.26%. What if they do not want to tie up their money for a year? Then they get [...] READ MORE Essay Exams Can Now Be Graded by a Computer College professors love true/false exams and multiple choice exams. These can be graded by a machine. It saves so much time for overworked professors who teach 9 hours a week in the top universities. (Actually, they teach 8.5 hours: ten minutes in each class are for getting to the next class.) Now, this intolerable teaching [...] READ MORE Blind Man’s Bluff: Busted Cyprus Bank Won Many Awards The Bank of Cyprus in 2011 was one of the highest-rated banks in the world. This year, it had to be bailed out by the taxpayers of the European Union, who had no say in the matter. Otherwise, it would have gone bankrupt. Yet in 2011, it was the biggest bank in Cyprus. What could [...] READ MORE Backfire on Obama — Gun Control How serious are Americans about buying guns? Enough to apply for a background check to buy one. How many Americans have applied for a background check since the day Obama was inaugurated? Go on. Guess. The answer: over 70 million. Think about this. Over 70 million adult Americans went to the trouble of identifying themselves [...] READ MORE Gun Control in Connecticut Is a Bonanza for Gun Sellers Outside of Connecticut. The state of Connecticut has tightened gun controls. There will be background checks. No more large magazines for ammo. Assault weapons are banned. This sends a message to the world outside of New York, Illinois, Connecticut, and California: buy while you still can. Buy at gun shows. Pay a little more. Get off your duff. [...] READ MORE