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Author Archives: MN Gordon
How Bankers are Exploiting the Fed’s BTFP at Your Expense
American bank depositors sincerely trust the Federal Deposit Insurance Corporation (FDIC). They are as certain as the sky is blue, that the FDIC will protect the money in their bank accounts. Thus, they do not withdraw dollars from their accounts in a banking crisis. Continue reading
Posted in Inflation, MN Gordon
Tagged bank crisis, bank term funding program, btfp, federal reserve, interest rate, rate-arbitrage subsidy
11 Comments
California Circles the Toilet Bowl
California, without question, is a great state to be from. We lived there for nearly 45 years. We made our California exodus in July 2022. No regrets. Continue reading
Posted in Economy, MN Gordon
Tagged california, california exodus, ebony alert, transgender history month
22 Comments
The Hollow Returns of Government Intervention
Government intervention into a nation’s economy is both foolish and destructive. But that doesn’t mean governments don’t meddle each and every day with the best – and worst – of intentions. Continue reading
Posted in Government Debt, MN Gordon
Tagged collapse, congress, fiscal stimulus, government intervention, government meddling
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Has Social Security Run Out of Suckers?
Did you know that the U.S. government has run a budget deficit in the month of October 70 times out of the past 70 fiscal years? Continue reading
Posted in MN Gordon, Politics
Tagged cola, deficit, john t flynn, social security, socialized insecurity
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