Showing posts with label Gary North. Show all posts
Showing posts with label Gary North. Show all posts

Thursday, January 1, 2009

New Year's Substitutions


by Gary North

Well, it’s that time of the year again. All over America, smart people are sending out last-minute charity donation checks to get their income tax deductions for 2003, making sure they get stamped, dated receipts from the Postal Service (this costs an extra 37 cents).

Other smart people are making last-minute sales decisions on investments that did well, offsetting the capital gains tax by selling investments that did poorly.

But most people aren’t this smart. They are spending their time looking forward to New Year’s Eve parties and the bowl games (husbands, anyway) on New Year’s Day. College football teams that nobody outside of the home town paid any attention to three months ago will fight it out for mythical second through tenth place, which will entitle them to be forgotten by January 2nd. One team will wind up number one. The public will remember which one until at least Super Bowl XXXVIII, just as they remember the winners of Super Bowls past: Packers, NFC (I), Packers, NFC (II), Jets, AFC (III: Joe Namath > Earl Morrall/Johnny Unitas) . . . ?

This op/ed piece was originally published on Dec. 31, 2003 on LewRockwell.com where it can be read in full.

Sunday, August 3, 2008

Why Wal-Mart should get into higher ed


by Gary North

I earned my Ph.D. in 1972. What I am about to describe is academically feasible. It is surely economically feasible.

Wal-Mart should start a college. As with virtually all colleges, it would be called a university. Why? Because of higher perceived value by the consumers.

Why should Wal-Mart bother? Here is a good reason. The total expenditure in the United States on higher education is in the range of a third of a trillion dollars a year. That is a great deal of money. Wal-Mart is not a company to let a large profit opportunity drift by.

You would be hard-pressed to find any industry with this level of income that is less efficient than higher education. If Wal-Mart gets into the field, this will change.

Wal-Mart could offer far lower tuition than any other private university, and lower than 80% of tax-funded universities. All it needs to do is offer what is already available, but which almost no one knows about.

For more on this op/ed, go to LewRockwell.com