Author Archives: MN Gordon
Powell Holds the Line
This week, as expected, Powell and the Federal Open Market Committee (FOMC), held the federal funds rate at a target range of 4.25 to 4.5 percent. Of note, two members of the FOMC dissented from the majority decision. Continue reading
Stargate’s AI Dreams Meet Reality
After six months, Stargate hasn’t completed a single deal for a data center. Now the company’s set a goal of building one small data center this year, probably in Ohio. Continue reading
Capitalism: The Enemy of Poverty
Argentina tried it all. And what they got wrong, they tried, tried and tried again. Big State economics and Big Government politics introduced such a discombobulating thicket of malincentives, navigating one’s way through the labyrinthine maze of grift, corruption and public indoctrination was made perfectly impossible. Continue reading
Fire the Fed, Raise Tariffs, and Hope for the Best
President Donald Trump and Treasury Secretary Scott Bessent want lower interest rates so they can lower the financing costs of America’s massive debt. The net interest on the debt for fiscal year 2025 is on track to hit $1 trillion. Continue reading
