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Monthly Archives: March 2017
Failure to Launch
The future is here and it’s not all it was cracked up to be. For example, one of the great disappointments of the 21st century, thus far, is the lack of flying cars. Wasn’t this supposed to be the signature … Continue reading
Posted in Economy, MN Gordon
Tagged debt, default, federal reserve, janet yellen, liberty
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March to Default
“May you live in interesting times,” says the ancient Chinese curse. No doubt about it, we live in interesting times. Hardly a day goes by that we’re not aghast and astounded by a series of grotesque caricatures of the world … Continue reading
Posted in Government Debt, MN Gordon
Tagged collapse, congress, debt ceiling, default, dollar, treasuries
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The Long Run Economics of Debt Based Stimulus
Something both unwanted and unexpected has tormented western economies in the 21st century. Gross domestic product (GDP) has moderated onward while government debt has spiked upward. Orthodox economists continue to be flummoxed by what has transpired. Here is the United … Continue reading
Posted in Inflation, MN Gordon
Tagged debt ceiling, default, dollar, gold, john maynard keynes
4 Comments
Off the Beaten Path in Mesoamerica
There’s an endearing quality to a steadfast rooster call at the crack of dawn when overheard from a warm country farmhouse. There’s a reassuring charm that comes with the committed gallinaceous greeting of daybreak that’s particularly suited to a rural … Continue reading
Posted in Inflation, MN Gordon
Tagged central banking, colonia la malinche, mesoamerica, mexico city, peso
5 Comments