Monthly Archives: May 2019

One Heck of a Reality Television Fight

Economic nationalism and the China bugaboo is shaping up to be one heck of a reality television fight. This is a cause that idiots on both sides can line up behind with gusto. Continue reading

Posted in MN Gordon, Politics | Tagged , , , , | Leave a comment

The Three Stages of Modern Monetary Theory

Some ideas are so bad they’re best ignored.  Like resentments – or stray cats – if you don’t feed them, they’ll go away.  Before long, they’re forgotten altogether. That has been our approach to Modern Monetary Theory (MMT).  The idea’s so obviously foolish, reckless, and outright suicidal.  Why feed this dorkus maximus of economic thought? Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , , | 15 Comments

Why Fed Chair Powell’s a Laughingstock

Powell believes this ”technical adjustment” will compel banks with excess reserves parked at the Fed to pursue better returns elsewhere.  Powell also believes lowering the IOER rate will keep the federal funds rate from deviating above its upper range. Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 3 Comments