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Category Archives: Inflation
America Has an Epic Choice
America has an epic choice. And it has nothing to do with who will be the next president of the United States. It has nothing to do with if the new stimulus bill is $1.6 trillion or $2.2 trillion. Continue reading
Posted in Inflation, MN Gordon
Tagged aron ralston, federal reserve, jerome powell, ludwig von mises, stimulus bill
23 Comments
“In America Money Does Grow on Trees”
The U.S. government, and by extension the American people, are fully committed to a program of currency debasement to inflate away the debt problem. They believe executing an implicit default via inflation is the easier and softer way. Continue reading
Posted in Inflation, MN Gordon
Tagged budget deficit, ice cube, modern monetary theory, presidential debate, stuck pig
17 Comments
Maxine Waters Drops the Hammer on Powell and Mnuchin
This week Federal Reserve Chairman Jay Powell and U.S. Secretary of the Treasury Steven Mnuchin were called upon by the House Financial Services Committee to provide answers. Somehow, their efforts to deliver upon the directive of the CARES Act did not live up to certain expectations. Magic wands were waved. Yet they only made asset holders richer. Continue reading
Posted in Inflation, MN Gordon
Tagged cares act, jerome powell, mark cuban, maxine waters, steven mnuchin, stimulus
3 Comments
In The Long Run We Are All Alive
The experience of Whiston, and his pseudoscience prophecy, shows that predictions of the end of the world come and go while people still remain. Sometimes the fallout of these predictions, and the foolishness they provoke, is limited. Other times the foolishness they provoke leads to catastrophe. Continue reading
Posted in Inflation, MN Gordon
Tagged isaac newton, jerome powell, john maynard keynes, judgement day, william whiston
19 Comments
