Author: Gary North

A couple of friends of mine have proposed lists of economic reforms that Trump would be wise to follow. This list is from Joe Salerno. I have known him since 1974. He is a sensible economist. This list is from John Mauldin. He used to be my business manager in the mid-1980’s. He is a sensible newsletter publisher. The question is this: Which of these reforms could Trump get through Congress? He might get one. He won’t get two. Reagan astounded the world by getting a Democratic Congress to reduce marginal income tax rates by 25% across the board in … Continue reading →

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Challenge: Which institution would I de-fund 100%? I would eliminate all funding for education, including all of the military academies. Most people would probably choose a federal program to eliminate. I wouldn’t. I think all government begins with self-government and then extends to three institutions: family, church, and state. My slogan is “Politics fourth.” Judicial sovereignty lies with the individual. Why? Because the individual is responsible for his own actions. If individuals do not govern themselves, there is not sufficient power anywhere else in society to force all men to do the right thing, or the predictable thing, or the … Continue reading →

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O give thanks unto the LORD; for he is good: for his mercy endureth for ever. O give thanks unto the God of gods: for his mercy endureth for ever. O give thanks to the Lord of lords: for his mercy endureth for ever (Psalm 136:1-3) This phrase appears in many of the psalms, but when you find the same phrase three times in a row, you can safely conclude that the writer was trying to make a point, and he thought the point was important. I know of no passage in the Bible where any other phrase appears three … Continue reading →

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I have been writing publicly ever since 1958. Over the years, I have received my fair share of letters from crackpots, really stupid people, and people so far beyond the fringe that I wonder how they function. Nevertheless, I have received an email from a man who puts them all to shame. I wrote an article on a system of informing that would get illegal immigrants into a federal database. I called it Trump’s Squeal-a-Thon. With a title like that, you might conclude that I was not altogether serious. I am not saying that my plan would not work. I … Continue reading →

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Yesterday, I presented my plan for reducing the flow of illegal immigrants by 80% by the end of 2018. Now it’s time to deal with the illegals who are already here. There are an estimated 11 million illegals. There may be as many as 20 million. The low-ball estimate of the cost of tracking down all of them and then deporting them is $23,000 per illegal immigrant. But as more of them are rounded up and deported — the low-hanging fruit — the cost will rise per deportee. This cost can be cut to about $500 per illegal alien arrested. … Continue reading →

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Donald Trump used a visual image for “seal off the border.” He used a wall. He isn’t going to build a wall. He will not ask Congress for the funding. He doesn’t need to. The border can be policed by satellites and a few thousand low-cost drones. The technology is cheap. It is available now. These are cheap drones that carry no missiles. They only carry cameras. There can be night drones and day drones. They can observe what is going on for miles. Put up 1,000 drones at all times, day and night. Aim their cameras 10 or 20 … Continue reading →

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“God, grant me the serenity to accept the things I cannot change, Courage to change the things I can, And wisdom to know the difference.” This is the famous serenity prayer, authored by Reinhold Niebuhr. It was the closest to theological orthodoxy that Niebuhr ever came. It applies to voting. VOTING AND LOTTERIES Voting is irrational, according to free market economic theory. It is like buying a lottery ticket, only dumber. There is a Wikipedia entry on this: the paradox of voting. The paradox of voting, also called Downs paradox, is that for a rational, self-interested voter, the costs of … Continue reading →

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Elon Musk is a visionary. He thinks he will build a spaceship to take rich people to Mars, and make a profit. He also thinks he will produce an electric car he can sell at a profit. Along with these visions, he has a vision for a universal federal welfare scheme that will pay the vast majority of Americans a comfortable living because robots will have taken their jobs. There is a pretty good chance we end up with a universal basic income, or something like that, due to automation. “I am not sure what else one would do. I … Continue reading →

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Remnant Review “President Obama is a very good man. I will seek his counsel in the future.” — Donald Trump (November 10, 2016) The honeymoon with his supporters did not last long, did it? I began with two statements. First, Donald Trump is not part of what is sometimes called “the conspiracy.” Second, he will be on January 20, 2017. We are about to see the capture of Donald Trump. It has already begun. Instant Access to Current Spot Prices & Interactive Charts The mainstream media are beginning to see this. By January 20, it should be clear to anybody … Continue reading →

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Remnant Review “President Obama is a very good man. I will seek his counsel in the future.” — Donald Trump (November 10, 2016) The honeymoon with his supporters did not last long, did it? I began with two statements. First, Donald Trump is not part of what is sometimes called “the conspiracy.” Second, he will be on January 20, 2017. We are about to see the capture of Donald Trump. It has already begun. Instant Access to Current Spot Prices & Interactive Charts The mainstream media are beginning to see this. By January 20, it should be clear to anybody … Continue reading →

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This Presidential election will go into the history books. Trump has inflicted a huge loss on the American Establishment. At one point, Dow Jones futures were down 900 points. He has inflicted a setback to the New World Order. The New York Times ran an article on this, written early in the morning. Headline: Donald Trump’s Victory Promises to Upend the International Order. JERUSALEM — Donald J. Trump’s stunning election victory on Tuesday night rippled way beyond the nation’s boundaries, upending an international order that prevailed for decades and raising profound questions about America’s place in the world.For the first … Continue reading →

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“I suppose I could have stayed home and baked cookies and had teas, but what I decided to do was to fulfill my profession which I entered before my husband was in public life.” . . . Instant Access to Current Spot Prices & Interactive Charts “You know, I’m not sitting here like some little woman standing by my man, like Tammy Wynette. I’m sitting here because I love him, and I respect him, and I honor what he’s been through and what we’ve been through together.” — Hillary Clinton (1992) Read the Whole Article

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The world of 1900 was nothing like the world of 1800. The world of 2000 was nothing like the world of 1900. Why? Because of 2% per annum economic growth per capita. No one can perceive this low an increase in one year. But when compounded, no one can miss the changes in our lives over a lifetime. I dealt with this in my Mises Institute lecture, “How Come We’re So Rich?” In my life, I experienced only one major change in my productivity. In late 1980, I switched to a computer to write. I used a primitive version of … Continue reading →

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You grew up on this story: “Franklin Roosevelt saved capitalism from itself.” This is one of the major myths of American history. Here is how we should understand the New Deal: Franklin Roosevelt saved the big bankers from their depositors. To understand the truth, you must understand what is never mentioned in the textbooks. Roosevelt gave his famous Inaugural Address shortly after noon on March 4, 1933. It is most famous for these words: “We have nothing to fear but fear itself.” But the New York banks had a great deal to fear. There was a bank run going on: … Continue reading →

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The liberal Democrat site Salon.com has done yeoman service by publishing three excellent articles on how and why the House of Representatives will not go Democratic in November. The GOP rigged the House: Even a massive Donald Trump defeat wouldn’t give Democrats controlThis is how the GOP rigged Congress: The secret plan that handcuffed Obama’s presidency, but backfired in Donald Trump Democrats are kidding themselves: The House is out of reach, period The reason is Elbridge Gerry, one of two “Founding Fathers” who really did understand practical politics. (The other was Aaron Burr.) He devised the system known as Gerrymandering. … Continue reading →

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