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Monthly Archives: July 2019
Realizing the Full Implications of the Forthcoming Catastrophe
The popular delusion of the 21st century is to assume the highest virtues of democracy. This faulty assumption propagates a dangerous archetype: the tyranny of the masses and its twin consequences, deficits and inflation. Continue reading
Posted in Government Debt, MN Gordon
Tagged catastrophe, debt ceiling, fiscal doom, the descent to hell is easy, virgil
18 Comments
Tending Towards Maximum Perversity
According to Finagle’s corollary to Murphy’s law, “Anything that can go wrong, will—at the worst possible moment.” Taken a degree further, per O’Toole’s corollary of Finagle’s law, and the second law of thermodynamics, “The perversity of the Universe tends towards a maximum.” Continue reading
Posted in Government Debt, MN Gordon
Tagged bailouts, central planning, collapse, federal reserve, general motors
1 Comment
The Four Dimensions of the Fake Money Order
“If you don’t know where you’re going, any road will get you there,” is a quote that’s oft misattributed to Lewis Carrol. The fact that there’s ambiguity about who’s behind this quote on ambiguity seems fitting. Continue reading
Posted in Inflation, MN Gordon
Tagged collapse, fake money, federal reserve, government meddling, jerome powell
3 Comments
Independence Day in America Circa 2019
In the early 1990s, Steve Rocco, a scrub freestyle skater from Hermosa Beach, delivered an epic haymaker to the corporate skateboard industry. On a shoe string budget, financed with predator loans from a shark named Kirby, Rocco rapidly took down the big three skate companies that, in hindsight, had grown fat and stale. In a classic case of Joseph Schumpeter’s “gale of creative destruction,” he revolutionized the industry and subculture. Continue reading