Economic Edge

Economic Edge
The Fable of the Bees (Updated)
Dec 20, 2012
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So, you want to understand what happened to the economy in 2008?  I have an answer.  It’s a poem. Why a poem?  Because people can follow a poem, if it’s not too poetic, better than they can follow detailed chains of economic reasoning. [wpsh]Poems can have great influence.  It is safe to say that the […]
Economic Edge
Digital Education vs. the Ruling Elite
Dec 6, 2012
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Ruling elites as recently as 1600 appealed to God to justify their continuing rule.  This was called the divine right of kings: rulership beyond any earthly court of appeal.  That began to be undermined in the second half of the seventeenth century.  A century later, Enlightenment democratic theory had replaced the divine right of kings. […]
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The Swiss National Bank’s Loss of Nerve Will Cost It Dearly
Sep 14, 2011
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It’s a news that many Americans have probably missed in the chaos of what is happening here in America. Most Christians, because they don’t have a solid understanding of economics and finances, and they don’t care to have one, wouldn’t even recognize the importance of that news. But the news is important. It marks a […]
Economic Edge
A Two-Front War on Gold
Aug 10, 2010
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Politics makes strange bedfellows.  In the person of Ben Bernanke, three streams of American politics have come together: Progressivism, Populism, and Populism’s replacement, right-wing crackpot monetary theory. There is a third front: Chicago School economics, sometimes called monetarism.  It is anti-gold standard, but it is represented by Bernanke only by default, not in theory.  Chicago […]
Economic Edge
Codevilla’s Not-Quite Manifesto
Aug 3, 2010
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Every political movement needs a manifesto.  The Tea Party surely needs one.  So do other grassroots political resistance organizations.  They don’t have it yet, but they now have its preliminary foundation, Angelo Codevilla’s essay, “America’s Ruling Class — And the Perils of Revolution.” http://GaryNorth.com/snip/997.htm I have long regarded Dr. Codevilla as America’s smartest conservative political […]
Economic Edge
Crowding Out Our Future Wealth
Jul 29, 2010
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The standard justification for the Federal government’s trillion-dollar-plus deficits for the next decade is this: “Without this stimulus, the economy will fall into another Great Depression.”  This is the Keynesian Party Line, all over the West.  It is promoted by almost everyone.  Even normally free market economists have gotten on board. Standing at the side […]
Economic Edge
Warnings from Two Respected Analysts
Jul 27, 2010
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Two widely respected economic commentators, Harvard’s Niall Ferguson and Nassim “black swan” Taleb, have offered highly pessimistic assessments of what lies ahead for the American economy. Information like this is widely ignored by investors in weeks when they have decided that nothing can stop them: they will get rich by investing in the American stock […]
Economic Edge
A Free Week-Long Economic Seminar
Jul 22, 2010
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On Wednesday, July 28, at 11:30 a.m. central daylight time, I will lecture to about 250 college students at the Ludwig von Mises Institute in Auburn, Alabama. You can go to the Web and watch it for free.  Free is good.  I’ll give you the link later in this report. Each summer, the Mises Institute […]