11-Year-Old Suspended from School for 10 days for saying “Gun”


Ron Paul's original staff economist, Dr. Gary North!

Thursday, June 6, 2013
11-Year-Old Suspended from School for 10 days for saying “Gun.”
A principal suspended a student for saying “gun” on a school bus. The boy had the nerve to tell other students that he thought it would have been a good idea to have had a gun in the Sandy Hook school where the madman shot students. That did it. No more Mr. Nice Guy. The [...] READ MORE

Texas Gun Sales Are Off the Charts
Gander Mountain is opening four new stores in Texas. The company describes itself as a “firearms super center.” Demand is high and growing. The stores are for outdoorsmen, but these days, indoorsmen are walking in the stores’ doors too. Texas is gun-friendly. The boom in ammunition sales shows no sign of tapering off. This marks [...] READ MORE

Paid Vacation for IRS Man in Charge of Obamacare
The new head of the IRS is going through a Punch and Judy show with Congress. He has to look tough. He has to make it look like he is doing something to change the culture at the IRS. There is only one thing that can change the culture in any bureaucracy: cut its funding. [...] READ MORE

Mortgage Rates Rise Again
Last November, people with good credit could get a 3-year mortgage for 3.3%. Today, it’s 3.8%. The rate is likely to keep rising. Some estimates predict that it will be 5% at the end of 2014. Every month, the Federal Reserve buys $40 billion worth of mortgage bonds from Fannie Mae and Freddy Mac, the [...] READ MORE

Leno Needles the IRS. Audience Applauds.
Now that he is leaving the Tonight Show, Jay Leno is showing his colors. This was choice. President Obama says he’s renewing his efforts to close Guantanamo Bay. Guantanamo Bay? How about closing the IRS? Why don’t we do that? [Thunderous applause] How about shipping the IRS to Guantanamo Bay? That’s what we, yes! That’s [...] READ MORE

Louis Armstrong and the Mills Brothers Stick It to the WPA (1940).
The Works Progress Administration was the largest of the New Deal’s make-work programs, employing millions of men at taxpayers’ expense. In this long-forgotten song, Satchmo and the great Mills Brothers have some fun at the expense of the WPA. Now wake up, boys, get out on the rock It ain’t daybreak, but it’s four o’clock [...] READ MORE

Hardly Anyone Lives in Rural America. Slightly More Are Leaving.
The London Financial Times ran a story on the decline in rural population. It promoted the story as if it were relevant. It isn’t. There was an increase of 134,000 people in rural areas last year. But 179,000 moved out. We are talking fewer than 50,000 people in a nation of 310,000,000. In short, marginal. [...] READ MORE

Freedom Fest: Great Video, Great Topic, and the Perfect Place to Meet
This is how to make a promo. It is a promotion for the major libertarian event of the year. This is “the gathering of the tribes.” Are We Rome? FreedomFest 2013 from Smooky on Vimeo. READ MORE

Federal Reserve Policy: “Made in Japan”
Gary North’s Reality Check The FED says it will inflate. Its major representatives keep saying this. To understand the Federal Reserve, we must understand how the Federal Reserve interprets the situation in Japan. The recently adopted inflationist policy in Japan has not yet worked. Business capital spending is down 5%, year to year. Sales were [...] READ MORE

Mission Accomplished: China Gets Half of Iraq’s Oil.
You may remember the promise of the neocons in 2003: America’s war with Iraq would be paid for by Iraqi oil. Besides, the war would cost only $50 billion — $60 billion, tops. The war cost $2.2 trillion — $3 trillion, tops — and the oil is being gobbled up by China. Oh, well, they [...] READ MORE
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