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Why does Keynesian thinking prevail?
Gary North offers his thoughts in this longish but enlightening piece.
Gary North
American historian and author (1942–2022)
Liberty
Healthcare.gov — not just incompetent, but corrupt
Gary North writes here about the crony capitalism behind the magnificent failure of the government’s website. Hmmmmm… so the company that built it has ties to the Obamas and was…
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The Sale of the Washington Post
Gary North argues here that the sale of the money-losing paper to Amazon’s Jeff Bezos is a bad day for leftism. The paper, after all, was one of the foremost…
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There is a lot of waste in higher education
Our higher education system is loaded with wasteful expenditures and among the largest are the contracts with professors who teach poorly and spend much of their time on incomprehensible “research.”…
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Rioting in the supposed welfare paradise
Gary North argues that the rioting in Sweden is a consequence of the welfare state.
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Gary North on government welfare promises
Economist Gary North writes about the problems of government welfare schemes here. Especially valuable is his point that they impose burdens on people in the present, not merely in the…
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Simpson, Bowles and the Great Default
Locker Room passes along Tea Party economist Gary North’s assessment of the nation’s debt crisis: I was happy to see an article from mainstream economists on the mess we are…
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The US will default — then what?
In this column, economist Gary North analyzes a recent WSJ article by five “mainstream” conservative economists and concludes that while they correctly understand the mess we are in, they’re too…
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Will the U.S. default?
Economist Gary North says that it will and in this piece argues his case against a writer who says that there is no chance of that. We are looking at…
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Gary North defends the “barbarous relic”
People who think themselves economically sophisticated usually scoff at the idea of returning to a monetary system based on gold. They believe that it’s somehow “progressive” to instead have a…
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Which party will do better at saving Social Security and Medicare?
Gary North argues here that it doesn’t matter whether the Dems or GOP win on this score, because it’s impossible to save the entitlement giants. The promised benefits are vastly…
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Gary North on Bernanke, academic economists, and the trouble they’ve created
Gary North, an economist in the Austrian School, expounds here on Ben Bernanke, academic economists in general (particularly Keynesians), and the trouble the economy is in because of the influence…