Category Archives: Economy

Is the Great Post-Pandemic Boom a Great Big Dud?

Posted on July 9, 2021 by MN Gordon

Prices, remember, are information. And when that information is falsified by an abundance of fake money, businesses and individuals are compelled to do things that would otherwise be nonsensical. Of course, the market with the most falsified prices – the credit market – is also the most prone to compelling destructive behavior. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 24 Comments

How to Buffer the Fallout from America’s Third World Death Spiral

Posted on June 18, 2021 by MN Gordon

American workers are trying to make their way in an economy that’s rigged against them. We made this claim many years ago. Today, for fun and for free, we revisit this assertion…starting with the latest from those doing the rigging. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , , | 35 Comments

Welcome to Walley World!

Posted on May 28, 2021 by MN Gordon

One of the fringe benefits of Washington’s stimulus program has been inflated stock portfolios. This has delivered a great boon for certain state governments. In Connecticut, for example, a state that taxes capital gains as regular income, this year’s budget surplus is projected to be $470 million. Continue reading →

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Karl Marx’s Road to Hell is Paved with Fake Money

Posted on May 14, 2021 by MN Gordon

“The way to Hell is paved with good intentions,” remarked Karl Marx in Das Kapital. The devious fellow was bemoaning evil capitalists for having the gall to use their own money for the express purpose of making more money. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 26 Comments