Author Archives: MN Gordon
In Mob We Trust
“Democracy is a pathetic belief in the collective wisdom of individual ignorance,” – H.L. Mencken Democratic Collectivism With the possible exceptions of love and war – or a residential real estate bubble – there’s nothing like the promise of election … Continue reading
“The Bank Was Saved, and the People Were Ruined”
“The Bank Was Saved, and the People Were Ruined” By Jeff Thomas, International Man The above quote is from William Gouge, commenting on the Panic of 1819. The panic had been caused when the First Bank of the United States … Continue reading
The Sick Lion
Venturing Back to the Land of Aesop We’re running a bit short on time today. So, in lieu of our usual economic reflections, we’ll venture back to the sixth century BC to the land of Aesop. We’re not sure what … Continue reading
Rising Food Prices are No Laughing Matter
The Commerce Department reported on Wednesday that wholesale inventories rose 0.5 percent in August. What’s more, according to the Commerce Department sales at wholesalers rose 0.9 percent in August…the first increase since April. What this means exactly we don’t quite … Continue reading
