Author Archives: MN Gordon

Will Larry Summers Save the World Again?

Modern macroeconomics is a boring and dreary trade. The monthly report outs on GDP, unemployment, inflation, and other data aggregates, are a dull waste of time. What decisions could you possibly make to improve your lot in life from these data reports? Continue reading

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

Why Consumer Price Inflation Is Here To Stay

The ability of U.S. central planners to export price inflation to China is finally breaking down. This ability masked the effect of loose fiscal and monetary policies in the U.S. for several decades, as the consequences of enormous deficits and radical money supply expansion were offset by low cost consumer goods. Those days are over. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 24 Comments

Welcome to Walley World!

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

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