Author: Gary North

It is not easy for me to get inside the mind of a Democrat, but I will try. First, I would be ready to stick it hard to the big New York banks for what they did leading up to 2008-10. Everyone is ready to do this. Why should Democrats not be on this bandwagon? Hillary Clinton is obviously on the take. Nobody gets $675,000 from Goldman Sachs for three speeches because of the content of the speeches. Nobody who is as charisma-challenged as Hillary Clinton gets as much as $2,500. She and Bill have pulled in $153 million in … Continue reading →

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Here is a headline: This AI expert says that a robot economy will force us to give people unconditional free money. The article is in Business Insider. In the future, giving people unconditional free money might be the fairest way to deal with a robot-powered economy.At least, that’s what data scientist and artificial intelligence expert Jeremy Howard believes. According to Howard, the pool of displaced workers will just keep growing exponentially, and the solution is to level the playing field. There are lots of articles like this one these days. (Are they being written by commie algorithms?) I ask these … Continue reading →

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Muhammed Ali has died at age 74. I am 74. He loomed large when I came to adulthood. He was the most famous athlete on earth after he beat Sonny Liston in 1964. He was the greatest fighter of my generation, as he never tired of reminding us. He was also the greatest self-promoter in sports of any generation. Most men of my era had an opinion about Cassius Clay/Muhammed Ali. I was a fan, although I never cared much for boxing. I liked his style. I liked it for a reason: it was all about marketing. In November 1962, … Continue reading →

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On May 19, I posted an article that I wrote in 1980. It was on how to defend private education against the state. You can read it here. Lew Rockwell ran it on May 23. Early in the morning on May 23, I received a letter from a stranger. Its tone was typical of a purist. It seems that I have sold out to the state. I never receive such letters from published authors or experts in the field. But I have been receiving them for about 50 years from strangers with no background. My problem is this: I am … Continue reading →

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The escalation of Federal and state pressure against the Christian school movement is reaching a crisis stage. Day after day, some pastor or headmaster is put under new bureaucratic regulations. No longer is the battle against the independent schools being left to amateur state attorneys. The big guns are being aimed at the schools, and even at the churches. Today, under 27% of the school children in the Los Angeles schools are white; four years ago, the proportion was about 40%. The busing of children across the city (and Los Angeles, geographically, is second in size only to Jacksonville, Florida, … Continue reading →

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ESPN has produced 30 documentaries for its 30th anniversary. Fantastic Lies is one of them. Over 25 years before the scandal, I lived in Durham. I used Duke University’s marvelous library — the finest open stacks library I have ever used. I liked Durham. But the city was divided: town vs. gown, white vs. black. The lacrosse scandal of 2006 brought these divisions into full public view. The scandal called forth an army of outraged liberals, all ready to condemn a bunch of jocks who had poor judgment and a love of beer and raunchy parties. It was a battle … Continue reading →

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Fred Reed wrote a gem of a rhetorical essay, “Capitalism and the Minimum Wage: ‘I Got Mine, Screw You.’” I was so impressed that I stole it, almost word for word, changing only “capitalism” to “trade unionism.” Reed is a master of rhetoric. When his logic is sound, he is devastating — a model. The problem comes in this case from his focus on producers: capitalists. This is mercantilist. The free market focuses on consumers. Why? Because they own the most marketable commodity: money. This point was made by Carl Menger in his final essay on economics in 1892. Ludwig … Continue reading →

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Today is Earth Day. This celebration has been going annually on since 1970. The first Earth Day was originally celebrated on March 21, 1970, in San Francisco. It was the brainchild of John McConnell, a peace activist, and ecologist. But then the United Nations picked up the idea. The UN changed Earth Day in 1971 to the vernal equinox. The UN defined this as April 22. Earth Day has become an international phenomenon. It has replaced May Day on the calendar of environmentalists around the world. I guess we can be thankful for small blessings. Since they no longer celebrate … Continue reading →

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Charles Hugh Smith begins his essay on widespread fraud in the rhetorically correct way: by stating the truth in a list of short observations. This can’t be said politely: the entire status quo in America is a fraud. The financial system is a fraud. The political system is a fraud. National Defense is a fraud. The healthcare system is a fraud. Higher education is a fraud. The mainstream corporate media is a fraud. Culture–from high to pop–is a fraud. Need I go on? I have never seen a more cogent short list of neglected but important points. But Smith neglects … Continue reading →

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Remnant Review What is fiat money? It comes from “fiat,” which means a formal authorization or proposition or a decree. Synonyms are these: edict, order, command, commandment, injunction, proclamation, mandate, dictum, diktat. It is an arbitrary order. The phrase “fiat lux” comes from Genesis 1:2: “Let there be light.” Fiat money is the money issued by a self-proclaimed divine state. It rests on the premise of divine right: no higher appeal. It is the court of final appeal. In short, it is divine. A free market money system is an operational system to which people can appeal to because it … Continue reading →

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Money seldom fails, but occasionally, it does. It failed in Germany and Austria 1921-23. It failed in Hungary after World War II. It failed in Zimbabwe in 2008-9, when the rest of the world was in a recession. Here is a famous case of the failure of money: And there was no bread in all the land; for the famine was very sore, so that the land of Egypt and all the land of Canaan fainted by reason of the famine. And Joseph gathered up all the money that was found in the land of Egypt, and in the land … Continue reading →

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Robert Nisbet once told this story to a group of grad students. I do not recall if the story was first hand or second hand. A professor was sitting at a table in the student center. Around him were graduate students, hanging on his every word. At another table, a colleague remarked: “There is a fake giant surrounded by real pygmies.” I wish I had said that. In every field, there are giants and pygmies. Most giants are fake. All pygmies are pygmies. If you want to make an impression in any field, you must first identify the real giants … Continue reading →

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It never ends. We are besieged by articles on today’s increasing economic inequality. These articles have three things in common: 1. Each one has a favorite explanation/boogeyman.2. Each one calls for political reforms to make things more equal.3. Each one fails to mention Pareto’s 20/80 law. Here is the main problem with these articles: economic inequality has not increased since at least 1897 — the year that Vilfredo Pareto published his discovery: about 20% of the people in every European nation he studied owned about 80% of the wealth. Every year, when about 1,500 of the richest people in the … Continue reading →

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On Tuesday, March 22, President Obama was in Cuba, the first President to visit Cuba in 90 years. On Friday, the Rolling Stones became the first famous Western rock & roll group ever to play in Havana. It was a free concert. Mick Jagger scheduled the performance a few months ago. Did he coordinate this with the White House? Probably the other way around. No one refers to Mick Jagger as a lame duck . . . or lame anything else. “President Obama opens for the Rolling Stones.” As Jagger said — in Spanish — times are changing. The crowd … Continue reading →

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Triage is a battlefield concept out of World War I. A medic brings a severely wounded man on a stretcher into the medical tent. A uniformed physician makes an initial prognosis. The man on the stretcher will probably: Live, no matter what Die, no matter what Survive, but only if he gets immediate treatment If the prognosis is either one or two, the physician has the medic put the stretcher in a corner. If the assessment is number three, the wounded man gets care. There are limited resources in a medical unit. They should be allocated wherever they will have … Continue reading →

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