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Monthly Archives: July 2011
Admit Defeat of the Social Utopia
Production is the End “The economic goal of any nation, as of any individual, is to get the greatest results with the least effort. The whole economic progress of mankind has consisted in getting more production with the same labor,” … Continue reading
Posted in Economy, MN Gordon
Tagged debt ceiling, GDP, government meddling, labor department
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Making Obese Debt Levels Possible
Make no bones about it…this economy sucks eggs. Just ask anyone who’s looking for a job and they’ll tell you, ‘no one’s hiring.’ Despite official decree from the National Bureau of Economic Research that the Great Recession ended in June … Continue reading
Posted in MN Gordon, Politics
Tagged ben bernanke, federal reserve, GDP, government action, QE2, treasuries
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Europe Doubles Down on Greek Bailout
Hot dry Santa Ana winds blow from the east across the California desert every fall. They rip and roar their way over and down the mountain passes and rumble their way across the vast Los Angeles basin, pushing the smog … Continue reading
Posted in Economy, MN Gordon
Tagged collapse, euro, government action, government meddling, PIIGS
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Broken Promises Broken Dreams
White House and Congressional efforts to reach a Grand Bargain are merely a distraction. The basis for such a bargain – reduce spending so the debt limit can be raised – is fraud and folderol. Nothing that we’ve seen suggests … Continue reading
Posted in Government Debt, MN Gordon
Tagged debt ceiling, government action, government meddling, thinking
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