Tag Archives: student loans
The Three Headed Debt Monster That’s Going to Rampage the Economy
“The bank is something more than men, I tell you. It’s the monster. Men made it, but they can’t control it.” – John Steinbeck, The Grapes of Wrath Mass Infusions of New Credit Something strange and somewhat senseless happened this … Continue reading
Posted in Government Debt, MN Gordon
Tagged auto loans, consumer debt, credit card debt, student loans, treasuries
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Peddling Loans and Lies to Kids
There’s nothing like an abundant flow of money and credit to push prices out of whack. Borrowing from tomorrow to buy today has the effect of boosting demand. Prices must rise to equilibrate the boost in demand. But prices can … Continue reading
Posted in MN Gordon, Politics
Tagged 401K, bubble, business cycle, debt, government meddling, student loans
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