TEA PARTY ECONOMIST

The TEA PARTY ECONOMIST Ron Paul's original staff economist, Dr. Gary North! Friday, May 3, 2013

ObamaCare: Unenforceable, Unmanageable My GaryNorth.com site has forums. Yesterday, one of the site members posted this. You will appreciate it. Our company is currently undergoing its annual health coverage renewal and massive increase (about 25% to the company and higher co-pay’s all around) fire drill. The insurance guy shared some complete horror stories with our HR guy. It [...] READ MORE A Classic Book on the Totalitarian State Is civil government the only true government? Does it alone possess legitimate sovereignty? Defenders of the modern state insist that this is the case, and that it should be the case. Robert Nisbet, as a sociologist, looked to social organizations as the source of political tradition. He explained the rise of the modern state in [...] READ MORE 44% of Republicans Think Armed Revolution May Be Necessary A recent poll by Farleigh Dickenson University reveals that 44% of Republicans think that an armed revolution may be necessary someday soon to defend American liberties. This indicates two things: (1) loss of faith in Constitutional politics; (2) an inability to count the costs. If you take this position, you have adopted the view of [...] READ MORE Keynesian Europe Will Not Muddle Through, Says German Economist Europe is the poster child of Keynesianism. The southern countries ran huge government deficits for a decade. There was a boom. But that boom has ended. Mediterranean nations are in depressions. These depressions are getting worse. Hans-Werner Sinn is a German economist. He is known as one of the most pessimistic economists in Europe. But, [...] READ MORE 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 One Million Electric Car Goal In his State of the Union Address in 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