TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Thursday, May 2, 2013

Vindictive Liberals: The 1963 Edition of Human Action This is the fiftieth anniversary of one of the most scurrilous incidents in academic publishing. The victim was Ludwig von Mises. The perpetrator was Yale University Press. Yale University Press published the 1949 edition of Human Action. Sales were much higher than the editor had expected. It was a 900-page treatise on economics, written by [...] READ MORE Subsidies from Abroad: Foreign Central Banks Hold 52% of Treasury Debt Latest reports indicate that foreigners hold 52% of marketable U.S. Treasury debt. Most of this is held by foreign central banks. Treasuries pay almost no interest. But foreign central banks have plenty of money. They create it out of nothing. Then they buy U.S. Treasury debt. Because of this, the U.S. dollar is the world�s [...] READ MORE Dead Battery: Obama�s 2011 Million Electric Car Goal In his State of the Union Address of 2011, President Obama called on Congress to fork over more money for electric car subsidies. �With more research and incentives, we can break our dependence on oil with biofuels, and become the first country to have a million electric vehicles on the road by 2015.� The total [...] READ MORE Jay Leno�s Gitmo Solution Jay Leno has an idea. President Obama, now in his fifth year as President, thinks that someone should close Gitmo. It would have happened in 2009, except that something or other has kept this from happening. Leno has a solution: �President Obama held a press conference earlier today, and he said he still wants to [...] READ MORE PR Bombshell in Boston: Bombers� Family Received $100,000 in Government Welfare I call it �blowing off the hand that feeds you.� The family of the accused bombers has received $100,000 in handouts from various government agencies over the years. There are 47 million Americans on food stamps. This family was one of them. I wonder if they still are. (Note: they are not stamps any more. [...] READ MORE Same Woman Interviewed on TV, New Identities: Boston (Twice), Sandy Hook This lady gets around. READ MORE Dronebusters: Turning Spy Drones into Barney Fife An Oregon company says that it has developed a new technology which will prevent drones from �completing their mission.� It will not say how this technology does this. It does not say what it will cost. But it claims that commercial units will be affordable for private homes. The company has applied for a patent. [...] READ MORE Lying Swiss Bankers Have Trapped American Clients: �Sell Your Gold. Now.� My site, www.GaryNorth.com, has two dozen forums. This was posted yesterday on one of them. �Approximately five weeks ago, I was notified by my bank in Geneva that they would no longer be providing private banking services to clients in the United States and Canada. After looking at the options for the liquidation of a [...] READ MORE 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