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Monthly Archives: November 2021
Hey, St. Louis Fed!… Go Tofurkey Yourself!
Here at the Economic Prism we believe individuals should be free to choose what they want in life, so long as they don’t commit aggression against another man’s person or property. By this, the St. Louis Fed’s free to eat fake turkey on Thanksgiving. We won’t stand in the way. Continue reading
Posted in Inflation, MN Gordon Tagged fake turkey, freedom, st louis fed, thanksgiving, tofurkey Leave a comment
Boondoggle Democracy for the Elites
President Joe Biden puffed out his chest. He grinned from ear to ear. He’d finally accomplished something as President. The passing of a $1.2 trillion infrastructure boondoggle. Continue reading
Posted in Government Debt, MN Gordon Tagged boondoggle, debt, default, infrastructure bill, interest rate 24 Comments
Pre-2020 Prices are Gone Forever
Price inflation is completely out of hand. You know this. Your dog knows it too. Still, President Joe Biden wants you to believe he’s got it all under control. Last month, for example, White House Press Secretary Jen Psaki insisted inflation is decreasing. What a crock! Continue reading
Posted in Inflation, MN Gordon Tagged consumer price index, currency, dollar, federal reserve, jerome powell 63 Comments
Are You Vulnerable to Physical Violence?
The U.S. government’s 2021 fiscal year came and went like Dow 36,000. With respect to the latter, authors James Glassman and Kevin Hassett were only off by 17 years in their 1999 forecast of Dow 36,000 by 2005. At this point, the attainment of their prediction is a giant letdown. With respect to the former, we have a question: Does President Biden have any idea that the government he pretends to oversee is skirting the edge of insolvency? Continue reading
Posted in Government Debt, MN Gordon Tagged 2021 fiscal year, collapse, depression, dow 36000, tesla, violence 1 Comment