Category Archives: Government Debt

The Temporary Madness of an Ugly Mathematics World

Posted on November 13, 2012 by MN Gordon

There are obvious contradictions in government finance that are both shocking and absurd.  There are opposing forces colliding before us with consequences hardly a soul can escape.  To sum up the plot, there’s the soft delusion of prosperity through public … Continue reading →

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How to Fix America’s Debt

Posted on October 30, 2012 by MN Gordon

Third quarter Gross Domestic Product increased at a 2 percent annual rate, reported the Commerce Department last Friday.  That’s up from the second quarter’s 1.3 percent growth rate.  But don’t get too excited… According to Lucia Mutikani at Reuters, the … Continue reading →

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“The Bank Was Saved, and the People Were Ruined”

Posted on October 19, 2012 by MN Gordon

“The Bank Was Saved, and the People Were Ruined” By Jeff Thomas, International Man The above quote is from William Gouge, commenting on the Panic of 1819.  The panic had been caused when the First Bank of the United States … Continue reading →

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More Credit, More Debt: Lessons from the Last Great Unraveling

Posted on September 4, 2012 by MN Gordon

“The lord giveth increase, but man devised credit.”  — Garet Garrett Solving the Debt Problem with Credit Something quite remarkable happened in the years following the war to end all wars.  European economies were ruined and European governments were buried … Continue reading →

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