Monthly Archives: May 2021

Welcome to Walley World!

Posted on May 28, 2021 by MN Gordon

One of the fringe benefits of Washington’s stimulus program has been inflated stock portfolios. This has delivered a great boon for certain state governments. In Connecticut, for example, a state that taxes capital gains as regular income, this year’s budget surplus is projected to be $470 million. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , , | 25 Comments

Financial Repression 101

Posted on May 21, 2021 by MN Gordon

Bad ideas are flourishing like Washington lobbyists. Just look around. It’s near impossible to blink without countless crackpot ideas coming into view. What’s more, the worse an idea is, the more popular it becomes. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 17 Comments

Karl Marx’s Road to Hell is Paved with Fake Money

Posted on May 14, 2021 by MN Gordon

“The way to Hell is paved with good intentions,” remarked Karl Marx in Das Kapital. The devious fellow was bemoaning evil capitalists for having the gall to use their own money for the express purpose of making more money. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 26 Comments

The Fed’s Two Disagreeable Choices

Posted on May 7, 2021 by MN Gordon

Dr. Fauci – a quack – is disturbed by all the holdouts. He wants to “full-court press” the selfish anti-vaxxers who refuse to take one for the team. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 2 Comments