Author Archives: MN Gordon
How the Fed Works to Spoil Your Retirement
Chicago Fed President Charles Evans wants inflation above 2 percent. Somehow he thinks this will strengthen the economy and bring about full employment. To Evans, more inflation will result in greater demand…and greater demand means more jobs. Fed policy, according … Continue reading
The Mark Zuckerberg Indicator
Spotting absurdities is both enjoyable and entertaining. Can you imagine a more agreeable vocation? For what could be more flattering than pointing and laughing at a mob of your peers as they stomp and pant in unison like boobs on … Continue reading
Shattering the Fed’s Hall of Mirrors
“We will develop ambitious but realistic policies with the aim to lift our collective GDP by more than 2 percent above the trajectory implied by current policies over the coming 5 years,” declared the G20 statement. The communiqué was released … Continue reading
Total Abandonment of the Rules of Common Sense
U.S. consumers are doing what they do best. After a six year hiatus, they’re back at it. Consumers are eagerly borrowing money. What’s more, they’re spending it! According to the Federal Reserve Bank of New York, U.S. consumer debt rose … Continue reading
