Category Archives: Economy

Economic Blasphemy

Posted on June 3, 2014 by MN Gordon

Last week the Bureau of Economic Analysis made a revision.  You may have heard about it.  According to the government statisticians, first quarter GDP didn’t decline at an annual rate of 0.1 percent as previously estimated. Actually, when they re-counted … Continue reading →

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The Successor to Keynes

Posted on May 30, 2014 by MN Gordon

The Successor to Keynes By Jeff Thomas, International Man Europe is abuzz with Capital in the Twenty-First Century by French economist Thomas Piketty, released in Europe in March of this year and now a best-seller.  It has since crossed the Atlantic and … Continue reading →

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Treadmill Economics

Posted on May 6, 2014 by MN Gordon

A day hardly goes by that doesn’t offer the unexpected.  Just when we thought the economy was rolling over to take a big fall something remarkable happened… “Total nonfarm payroll employment rose by 288,000, and the unemployment rate fell by … Continue reading →

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Listening to the Canary

Posted on April 22, 2014 by MN Gordon

Listening to the Canary By Terry Coxon, Senior Economist During World War II, the British Royal Air Force (RAF) undertook a plan of misdirection to allow a squadron of bombers to approach an exceptionally valuable target in Europe undetected.  The … Continue reading →

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