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Monthly Archives: September 2017
Fed Quack Treatments are Causing the Stagnation
There’s something alluring about cure-alls and quick fixes. Who doesn’t want a magic panacea to make every illness or discomfort disappear? Such a yearning once compelled the best and the brightest minds to believe the impossible for over two thousand … Continue reading
Posted in Economy, MN Gordon
Tagged bloodletting, federal reserve, government meddling, janet yellen, quack treatments
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Janet Yellen’s 78-Month Plan for the National Monetary Policy of the United States
Adventures in depravity are nearly always confronted with the unpleasant reality that stopping the degeneracy is much more difficult than starting it. This realization, and the unsettling feeling that comes with it, usually surfaces just after passing the point of … Continue reading
Posted in Inflation, MN Gordon
Tagged balance sheet, federal reserve, government meddling, janet yellen, monetary policy
1 Comment
To Hell In A Bucket
“No one really cares about the U.S. federal debt,” remarked a colleague and Economic Prism reader earlier in the week. “You keep writing about it as if anyone gives a lick.” We could tell he was just warming up. So, … Continue reading
Posted in Government Debt, MN Gordon
Tagged collapse, congress, debt, default, speed of light, speed of sound
15 Comments
The Government Debt Paradox: Pick Your Poison
“Rule one: Never allow a crisis to go to waste,” said President Obama’s Chief of Staff Rahm Emanuel in November of 2008. “They are opportunities to do big things.” At the time of his remark, Emanuel was eager to exploit … Continue reading
Posted in Government Debt, MN Gordon
Tagged chuck schumer, debt ceiling, default, hurricane harvey, mitch mcconnell, nancy pelosi, paul ryan, president trump, rahm emanuel
7 Comments