The Washington Beltway: Sinkhole for Donors’ Funds


by Gary North

I turned 72 in February. I want to make a few comments on the history of the American Right, while I still have my wits about me.

I have spent my life on the fringes of academia. I earned a Ph.D., but I never went into full-time teaching. Well, not quite never. In the fall of 1979, I taught a course on the free market at a little-known Baptist college in North Carolina. At the end of the semester, I left North Carolina, moved to Texas, and did it in such a way that I avoided something in the range of $25,000 in state income taxes (1979 dollars). I never got paid personally for my teaching. I had the money paid to my foundation, the Institute for Christian Economics, from which I never drew a salary. I also taught a night school course in economics for two weeks at an Oregon community college in the spring of 1974. These schools were surely on the fringes of academia.

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