Gary North: a critique
DOI:
https://doi.org/10.52195/pm.v10i1.213Abstract
In this paper I take Gary North to task for several errors in his recent writings. In section II I address North (2012a). Section III is devoted to a critique of North (2012b). The purpose of section IV is to explore the propriety of criticizing a fellow Austrian-libertarian, with whom I am in agreement in probably 99% of all issues in political economy. I conclude in section V.
North (2012a) is a very, very good essay on behalf of using gold as money. Entitled «Economists vs. the Gold Coin Standard,» it is an utter intellectual annihilation of the mainstream economics profession on this vitally important question.
However, in the course of his essay, he makes several relatively minor mistakes.
But, before I get to them, let me say that I regard them as only minor errors in an otherwise excellent, no, make that magnificent piece. This author explains in great detail why most mainstream economists think a full gold (coin) standard will lead to economic disarray. He also unearths in great detail the evils of the fed in suborning most mainstream money-macro economists.
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