Monthly Archives: August 2020

In The Long Run We Are All Alive

The experience of Whiston, and his pseudoscience prophecy, shows that predictions of the end of the world come and go while people still remain. Sometimes the fallout of these predictions, and the foolishness they provoke, is limited. Other times the foolishness they provoke leads to catastrophe. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 19 Comments

Your Figuring Central Planners At Work

The central planners never hit their inflation targets. But, in spraying the economy with birdshot, they cause massive disruption. This aside, assuming the central planners at the Fed could target price inflation, what rate of inflation would they precisely pinpoint? Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 16 Comments

What You Will Find When You Follow the Money

It has been a rough go for California Governor Gavin Newsom. Late last week it was revealed that the state Department of Public Health had tickled the poodle on its COVID-19 record keeping. Somehow the bureaucrats in Sacramento undercounted new coronavirus cases by as many as 300,000. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 23 Comments

The Dollar Is Dying

This week, while perusing the Federal Reserve’s balance sheet figures, we came across a rather curious note. We don’t know how long the Fed’s had this note posted to its website. But we can’t recall ever seeing it. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 17 Comments