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Articles by Gary North
The Keynes Project: A Critical Analysis of the Economics of John Maynard Keynes
home The Keynes Project: A Critical Analy . . . Gary North John Maynard Keynes was the most influential economist of the twentieth century. This speaks poorly of the twentieth century. In October 2009, I wrote an article for Lew Rockwell in which I outlined a plan to refute Keynes, line by line. I wrote it for a younger, untenured academic economist at some private college or obscure university who is willing to devote his career to the task. I still hope such a person takes up my challenge.
Socialist Robert Heilbroner's Confession in 1990: "Mises Was Right." | Gary North
Home | Wire | Socialist Robert Heilbroner's Confession in 1990: "Mises Was Right." I have discussed the origin of Mises's 1920 article "Economic Calculation in the Socialist Commonwealth" here. That article provided the theoretical framework to understand why socialist economic planning is inherently irrational. Today, a century later, it remains unknown in academic economics. It is not taught in graduate school programs that train economists. It never has been.
After 40 Years of the Tricky-Dick Standard
Recently by Gary North: My Lesson from Los Angeles’ Forgotten 1962 Riot On Sunday, August 15, 1971, Richard Nixon unilaterally brought to an end the last trace of an experiment in international monetary affairs that stretched back over a century. He announced that the United States government would no longer abide by the 1944 Bretton Woods agreement to deliver gold at $35 per ounce to any government or central bank. What he abolished was not a gold standard. It was a government promise standard.
The Conservative Movement Can't Stand Ron Paul
Recently by Gary North: Gandhi, Mubarak, and Tough Talkers Who Eventually Slither Away In this report, I am making a point: the country is headed for a fiscal disaster, and there is no broad-based political movement inside the country to put on the brakes. The train is headed for the collapsed trestle, and it is speeding up. The President as the engineer is talking about slowing the train a little, but he has not yet put on the brakes. No one will put on the brakes.
You're Sitting on a Powderkeg
Recently by Gary North: Why Gold Is Rising It is always a good idea to pay attention to new words or phrases that seem to have no connection with any previous word or phrase, and which are not self-evident. Such a phrase these days is “quantitative easing.” When we hear a phrase like this, we should think through the implications of what this phrase probably means. The new phrase may be a euphemism. A euphemism is a substitute phrase for a practice that is considered questionable or even wrong.
I Have Some Questions for Jim Wallis, the American Evangelical Community’s Most Famous Promoter (There Are Very Few) of the Left-Wing Social Gospel Movement. He Never Answers These Questions. He Pretends I Do Not Exist. But I Do Exist, Unlike His Answer
home I Have Some Questions for Jim Wa . . . Gary North "Thou shalt not steal, except by majority vote." (Exodus 20:15, as modified by the Social Gospel) Jim Wallis supports the economic conclusions of the Social Gospel. This is the #1 fact of his ministry and activism. This is understandable. In his youth, he was a Marxist, or so the entry on KeyWiki says, for which it offers evidence. He is paid $200,000 a year for his services on behalf of the poor.
Population Growth as Propaganda: The Greens and the Reds
Gary North May 31, 2011 Beginning in the mid-1960s, a propaganda campaign has been waged against the West. Those favoring government control over the economy have used the fear of a population explosion to persuade voters to allow the governments of the world to interfere with their lives. The Greens have made predictions about famine. These predictions began in 1798 in An Essay on Population, written by T. Robert Malthus. The first edition was published anonymously.
You Can Get an $11,000 College Degree
Recently by Gary North: Why I Hung Up on a New York Times Reporter Before I begin, I am going to give you a permanent edge. I am going to show you how economic forecasters do their work. The general public is unaware of this procedure. I suggest that you keep this information in mind whenever you read reports on what is ahead for the economy. As an example of how this procedure works in practice, consider a recent theme: college education as the next economic bubble.
Was the American Revolution a Mistake? - Daily Reckoning
I did not celebrate the Fourth of July today. This goes back to a term paper I wrote in graduate school. It was on Colonial taxation in the British North American Colonies in 1775. Not counting local taxation, I discovered that the total burden of British imperial taxation was about 1% of national income. It may have been as high as 2.5% in the southern Colonies. In 2008, Alvin Rabushka’s book of almost 1,000 pages appeared: Taxation in Colonial America (Princeton University Press).
Tricked on the Fourth of July
Gary North - July 04, 2017 I do not celebrate the fourth of July. This goes back to a term paper I wrote in graduate school. It was on colonial taxation in the British North American colonies in 1775. Not counting local taxation, I discovered that the total burden of British imperial taxation was about 1% of national income. It may have been as high as 2.5% in the southern colonies.
Creation and occultism
This article is from Creation 7(3):22–23, March 1985 Browse our latest digital issue Subscribe Editor’s note: As Creation magazine has been continuously published since 1978, we are publishing some of the articles from the archives for historical interest, such as this. For teaching and sharing purposes, readers are advised to supplement these historic articles with more up-to-date ones suggested in the Related Articles and Further Reading below.
World’s Longest-Using WordPerfect Author Abandons WordPerfect After 30 Years
Gary North Feb. 22, 2011 The story of WordPerfect illustrates the history of microcomputing, and how a dominant company that fails to keep up with technology fades into the sunset. Price competition erodes its profitability. Rival products keep getting more powerful and cheaper -- even free. A younger generation of users ignores the old brand, and existing users either die off or switch when a new generation of cheaper, better software appears. My story illustrates this relentless process.
Ode to a Dead Tree
Ode to a Dead Tree By Gary North August 21, 2000 I think that I shall never see A sight as lovely as a tree: A tree cut down for pulp and boards, Cut down for profit and rewards. Whenever forests disappear To fill a bookstore front to rear, The angels sing a glorious song, Especially if the books are long. When trees grow high above the earth I love to estimate their worth. I praise the chainsaw and the axe, Converting trees to paperbacks.
R. J. Rushdoony: A Working Model of Productivity
Gary North Sept. 14, 2009 We all need role models. Role models serve as guidelines to what is possible. We need different role models for different areas of our lives. In the division of labor, there are specialists who have done better than everyone else we know in various areas. When it comes to output per unit of time, R. J. Rushdoony has been my model since 1965.
Bush Joins LBJ as a Non-Person at the National Convention
Lyndon Johnson was so hated by a majority of Democratic Party activists in 1968 that he failed to appear at the national convention held in Chicago. There was no photograph of him anywhere. He became a non-person. Yet he was the President of the United States. George W. Bush has achieved the same unique status. He did not show up at the 2008 national convention. He did do a brief live video feed. Not this time. He will be a ghost at the Party’s party. It was his decision in both cases.
White House Holds Social Media Summit to Address Big Tech Censoring Conservative Voices
Late this afternoon, President Donald Trump is set to hold the nation’s first social media summit to address big tech and its constant censorship of conservative voices on Google, Twitter, Facebook, and other Internet platforms. It is beyond a shadow of a doubt that the left-controlled social media landscape is ruled by leftists that use their platforms to push only left-wing ideals and that they use their computer algorithms to target and quash conservative voices.
Was the American Revolution a Mistake? - Daily Reckoning
I did not celebrate the Fourth of July on Thursday. This goes back to a term paper I wrote in graduate school. It was on colonial taxation in the British North American colonies in 1775. Not counting local taxation, I discovered that the total burden of British imperial taxation was about 1% of national income. It may have been as high as 2.5% in the southern colonies. In 2008, Alvin Rabushka’s book of almost 1,000 pages appeared: Taxation in Colonial America (Princeton University Press).
Two Simple Questions Keynesians Can't Answer | Gary North
Home | Wire | Two Simple Questions Keynesians Can't Answer Let us say that a carpenter wishes to cut fifty boards for the purpose of laying the floor of a house. He has marked his boards. He has set his saw. He begins at one end of the mark on the board. But he does not know that his seven-year old son has tampered with the saw and changed its set.
The Story of Two Buses
Gary North - November 29, 2018 Picture this. You’re driving down the highway with your nine-year-old son. You’re in the middle lane. On your right, one behind the other, are two buses. The bus in front is painted white. The bus behind is painted yellow. The bus in front has its windows painted over. The bus behind does not. Your son asks you a question. “What are those two buses, Daddy?” You tell him that they are two very different kinds of buses. “How are they different?” he asks.
Stalin Committed No Crimes, Says Obscure Tax-Funded Professor
There were never many Stalinists teaching in American universities. There are fewer today. That’s why a story like this gets some coverage. This guy was flushed like a quail by Yuri Maltsef. They were debating at a meeting held by Young Americans for Liberty, which is allied with Ron Paul. Maltsev lived under the USSR. He knows what the score is. But some obscure professor at the equally obscure Montclair State University did not know who Maltsev is. Now he does.
No More Top-Down Revolutions | Gary North
I have spent my whole adult life in the shadow of one man, Karl Marx. By the age of 14, I recognized how important Marx was in history. I began to study some of his writings when I was a senior in high school. I continued to study him seriously in graduate school, and in 1968 my book on Marx was published. Karl Marx changed the world. Yet he did not do this by himself. His colleague, Frederick Engels, wrote some of his shorter materials, such as newspaper articles, and let Marx put his name on them.
Americans Want War With ISIS
Sign up for our FREE Daily Email Newsletter “Bomb Them Wogs!” Americans Want War With ISIS — As Long as We Are Not Inconvenienced Americans overwhelmingly are in favor of a re-escalation of the war in Iraq. This is part of their view of Constitutional government, which can be summarized as follows.
America Lost the Pacific War - LewRockwell
On December 7, 1941, the naval forces of the Empire of Japan launched one of the most ill-conceived, boneheaded military ventures in history, one exceeded only by Adolph Hitler’s attack on the Soviet Union the previous June.
Fats Domino, RIP - LewRockwell
Fats Domino died on October 25, 2017. He was 89. Fats was the pioneer of rock and roll. People who came of age after 1954 forget this. Actually, my generation never knew it. “The Fat Man” was released in December 1949. It eventually sold a million copies. But it did not sell to the likes of us in 1950. It was not called rock and roll in 1949. It was called race music. It did not get onto pop music radio.
Russian Plane Disabled US Warship’s Missile System - LewRockwell
An unarmed Russian bomber in April flew over a high-tech U.S. ship. A crew member pressed a button. Poof! No more missile defense system on the ship. No more radar. The ship became a defenseless floating coffin. Then the plane flew over the blind ship a dozen times. Basically, it was “Nyah, nyah, nyah.” This story got no play in American media.
Trump’s Inaugural Address Was Like No Other in History
Donald Trump's inaugural address is going to go down in history as one of the great ones. I say this as a man with 59 years of public speaking experience and a Ph.D. in American history. There have only been three inaugural addresses that have come down through the ages. The first was Lincoln's second inaugural, with the phrase: ". . .
Developing an outcome measure and feedback tool for children with intellectual disabilities
There has been a move in children’s services to encourage greater participation by children themselves in how those services are designed and run. This is equally important in services used by those who find it difficult to express their views, yet children with complex needs appear to have less involvement in their care than other groups.
Dallas Murders and a Gun Control Vote
Paul Ryan had planned a vote on limiting suspected terrorists’ access to legal guns. This was correctly perceived by second amendment supporters as a sell-out. A list that bars suspected terrorists from flying on a commercial airplane is inherently unconstitutional in the first place. Either the government arrests a suspected terrorist and tries him in court before a jury or else it takes his name off the list. There should be no such list.
China's Forced Organ Harvesting
Here is a story that deserves more attention. The estimate: 100,000 people a year “donate” their vital organs. Then they lose vitality, such as heartbeats. They don’t get paid. This is Communism. People do this for the sake of the cause, it says here. There is a book on this: Bloody Harvest. It was published in 2009. It received little publicity. When the state has the power to extend life to the privileged few, take a look for losers in the system. There will always be losers. There are no free lunches.
Keynesianism vs. the Gold-Coin Standard
Mr. Weldon has not written a book, so it is difficult for me to know exactly what his monetary theory is. He was the unknown Keynesian in the 2011 BBC debate between two teams of economists at the London School of Economics: The Keynes vs. Hayek debate. I assume that Robert Skidelsky, his partner, thought he was an up-and-coming economist. Skidelsky is the author of a multivolume biography of Keynes. I think it would be a useful exercise to go through Mr. Weldon's case against gold.
Pareto’s Pyramid of Performance
Gary North - January 28, 2016 Most people believe that second rate performance is fine, and third-rate performance is acceptable. I do not, and I never have. The more important your cause is to you, the more important you think your cause should be to the world. If you represent your cause in a second rate way, you are doing your cause a disfavor. You are also identifying yourself as a second-rater.
What Really Happened at San Bernadino? - LewRockwell
Eyewitnesses in San Bernardino: “Three Tall White Men” The CBS Evening News ran this interview. This has been dropped down the memory hole. So has this. Note: he spoke of a black SUV. Note also that he got verbal confirmation from off-camera. This indicates that there were other eyewitnesses. The only eyewitness identifications that I can find speak of three white men. I looked at several published timelines of the shootings. You can, too.
Washington’s Syria Policy--Incoherence Squared
By Daniel Lazare Centuries ago, an Andalusian philosopher known as Ibn Rushd wrote a treatise called Tahafut al-Tahafut, or “The Incoherence of the Incoherence.” He was taking aim at an old rival named Al-Ghazzali, but were he alive today, Averroes, as he was known to the Europeans, might very well have been talking about U.S. policy in Syria instead.
China’s Economy Continues To Crumble As Key Data Is Worst In 15 Years
When China transitioned to a new currency regime midway through last month, the PBoC triggered a veritable meltdown in emerging markets. Make no mistake, part of the carnage was due to the fact that by devaluing the yuan, Beijing was effectively robbing the world of export competitiveness at a very precarious time.
Why Bitcoin is a Ponzi scheme
I hereby make a prediction: Bitcoins will go down in history as the most spectacular private Ponzi scheme in history. It will dwarf anything dreamed of by Bernard Madoff. (It will never rival Social Security, however.) To explain my position, I must do two things. First, I will describe the economics of every Ponzi scheme. Second, I will explain the Austrian school of economics’ theory of the origin of money. My analysis is strictly economic. As far as I know, it is a legal scheme—and should be.
"Fix Bayonets!" The Feds Gave 12,000 Bayonets to Local Police Departments. Why?
National Public Radio did something very useful recently. It investigated who got what in the U.S. government’s program to give military equipment to local police departments. This initial list raised more questions than it answered. The main question is this: “Why? First, why does the Army still buy bayonets? Bayonets have not been used in combat since about 1848. Second, how would local police departments use them? It turns out that weapons are a relatively small part of the 1033 program.
Fundamentalist Colleges: Books Are Optional
Gary North - February 07, 2014 Remnant Review My library will go to the Mises Institute. Let me explain why. The Mises Institute has very bright summer interns: Ph.D. candidates working on their dissertations. It brings in scholars to assist them. But I hesitated. The Auburn University library is across the street, and it is a fine library. The Institute is not in the wilderness. Also, my library has a lot of history books in it. These are supplemental to the main task of the Mises Institute.
The 1943 Disney Cartoon on Public Education in Germany
Home / Education / The 1943 Disney Cartoon on Public Education in Germany This is a remarkable indictment of tax-funded education. It was not produced to show the implications of state-controlled education in principle — only what happens when bad politicians take over education at the taxpayers’ expense. But when every local taxpayer must fund a single curriculum, one man’s good politician is another man’s bad politician. Then what?
The Tea Party Economist
This week, President Obama is planning a speech on global warming, which ceased 17 years ago. He plans to revive the obviously comatose movement, just as he planned to ram gun control legislation down Congress’s unwilling throat earlier this year. As part of this campaign, he sent John Kerry to India, where Kerry scolded India for not doing more to impose restrictions on its economy.
The Tea Party Economist
Stocks fell, bonds fell, gold fell, oil fell, commodities fell. All over the world, markets tanked. Why? Because Bernanke hinted that the U.S. economy is recovering, and the Federal Reserve may cut back sooner than expected on its trillion-dollar-a-year pump-priming operation. Bernanke is the equivalent of the head of the international drug cartel. He is the pusher. He is the man supplying the daily “fix.” Around the world, addicts depend on his supplies of digital “snow.” The fix is in.
No, the Bible Does Not Teach the Welfare State.
Susan Hamill, a professor at the University of Alabama Law School, has argued in the Alabama Law Review that the Bible says the federal government should tax rich people at 50% of income, plus state and local taxes. If this sounds like Left-wing propaganda to you, you’re with me. This is the Social Gospel, but updated for evangelicals. A century ago, only theological liberals believed such anti-biblical nonsense, but there are so few of them around these days that Prof.
Putin Lectures Obama on the Need for Greater Privacy
We have gone through the looking glass. We have fallen down the rabbit hole. Vladimir Putin has given Obama a lecture on the need for greater privacy. We learn this from Russia Today. So here is a former KGB official saying that America has gone too far in spying on its people. Worse, he’s correct. He said that Snowden’s revelations have revealed nothing new. He is correct. James Bamford has repeatedly revealed how far the NSA has gone. But the American public did not know.
Busting the College Monopoly: Latest Phase
The monopoly is tottering. Ten more universities have joined Coursera, the site that posts free college courses. This project began less than 36 months ago as a part-time venture. The ten universities are tax-funded. This means that the wave of participants is about to grow like a tsunami. Any state university that refuses to participate will become a pariah. “What’s your problem? Are you embarrassed by the poor quality of your faculty?” Th answer is yes. That’s why the question is so threatening.
The Tea Party Economist
There is a simple explanation for the tornadoes in Oklahoma: global cooling. That was hot stuff in 1975. James Hansen, an up-and-coming climate scientist with NASA in 1971, laid the groundwork with his computer model that showed that a new ice age was coming. Hard to believe? Click here. Today, he is the most famous of the global warmers — sorry, “climate change” scientists. As for tornadoes in Oklahoma, the ever-alert Real Science blog posted this clipping.
In Defense of the Second Amendment - LewRockwell
GaryNorth.com Recently by Gary North: Why the Gun Control Movement Is Doomed I want to go over in considerable detail the fundamental issues of the Second Amendment to the United States Constitution: the right to keep and bear arms.
Gold Bugs and Anti-Gold Bugs | Gary North
Home | Mises Library | Gold Bugs and Anti-Gold Bugs Gold Bugs and Anti-Gold Bugs Tags Free MarketsEntrepreneurshipGold StandardMonetary Theory An article by David Weiner on the MarketWatch site reminded me of just how weak the economic arguments against the gold standard are. Its title: "A Fool's Gold Standard." I examine this article here.
Blowing Sand in Our Eyes
Gary North - November 22, 2012 Nov. 22, 2012 Ken Burns is a gifted producer of documentaries. His series on The Civil War was an artistic triumph. It has shaped the way documentaries are made. His subsequent effort, Baseball, was pretty good if you are a baseball history fan. Jazz, which I reviewed in 2001, was less successful artistically and in terms of its impact. That had to do more with the demise of jazz than with Burns' creativity. He told the story well. After 1940, the story turned dark.
Is Honest Money Biblical?
Recently by George F. Smith: Peter Schiff on Avoiding the Brick Wall People are always looking for better ways of doing things, and this includes a better way of imparting a message to a misinformed American public. In particular, if a layman wanted to learn about the nature of our money and banking system I would direct them to Murray Rothbard’s What Has Government Done to Our Money? In my view Rothbard’s classic has always been the best introduction to the topic.
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