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Category Archives: Economy
Your Figuring Central Planners At Work
The central planners never hit their inflation targets. But, in spraying the economy with birdshot, they cause massive disruption. This aside, assuming the central planners at the Fed could target price inflation, what rate of inflation would they precisely pinpoint? Continue reading
Posted in Economy, MN Gordon
Tagged central planning, federal reserve, inflation targeting, jerome powell, robert kaplan
17 Comments
Best Laid Schemes
The grand plans of our local officials in Long Beach have been foiled by the coronavirus bug. After seven years of construction, at a cost of $1.5 billion, they can’t even hold a proper ribbon-cutting. Continue reading
Posted in Economy, MN Gordon
Tagged best laid schemes, bonnie lowenthal, gerald desmond bridge replacement, long beach, port, robert burns, to a mouse
13 Comments
Something Worth Striving For
The days are long and hot in the Northern Hemisphere when real American patriots spit upon their hands and hoist the stars and stripes. On July 4, the free and brave, with duty and self-sacrifice, begrudgingly accept federal holiday pay to stand tall upon their own two feet. Rugged individualism and uncompromising independence are essential to their character. Continue reading
Posted in Economy, MN Gordon
Tagged creative destruction, freedom, independence day, liberty, steve rocco, world industries
24 Comments
Buckle Up for Economic Destruction
The idea that the economy will quickly rebound and everything will be back to normal as soon as the shelter in place orders are lifted is pure fantasy. The fact is we’re all so screwed at this very moment we’ve yet to realize just how screwed we are. Continue reading
Posted in Economy, MN Gordon
Tagged carl icahn, cvr energy, free markets, gavin newsom, government shutdown
1 Comment