Author Archives: MN Gordon
“Where is the Outlook Most Miserable?”
Templeton borrowed a then-hefty sum of $10,000 ($192,282 in today’s dollars) and bought shares of 104 companies trading at $1 per share or less. He had a hunch that although the general sentiment at that time was extremely negative, the war was actually going to fuel the economy. Continue reading
Why Big Government Statists Despise Gold
Gold to paper currency conversion once exacted limits upon the public purse. The Treasury, in concert with the Federal Reserve, could not issue unlimited debt based money. But that was before the U.S. severed the dollar’s relationship to gold and commenced the dollar reserve standard. Continue reading
Why Grubby Politicians like Joe Biden No Longer Get All the Breaks
Ted Nicholas Peterson – known to friends as “Nick” – was a man of confections. Fudge, to be exact. At age 21, and $96,000 in debt, he started his own confectionery business called, “Peterson’s House of Fudge,” in Wilmington, Delaware. Continue reading
One Lockdown from Disaster
Implicit to the planner’s toils, is a shared sense that they know how to spend your money better than you. At best, the central planners call your money to Washington so they can then distribute it back to your friends and neighbors. In reality, the lawmakers call your money to Washington where they distribute it to their friends and neighbors – not yours. Continue reading
