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Category Archives: Inflation
Modern Monetary Theory Bites the Dust
Fashion changes from one year to the next so fast it’s best to ignore it. Not only will you save money by not chasing the latest shiny object. You’ll also retain more of the most valuable commodity of all. Your time. Continue reading
Posted in Inflation, MN Gordon
Tagged ice cube, mmt, modern monetary theory, stephanie kelton, the deficit myth
22 Comments
How Inflation Got Away from Washington Screw Ups
Being a government hack has its advantages. You get eleven paid holidays per year. You get promoted for poor performance. The benefits are superb. Best of all, you can get remarkably rich…even if you’re a screw up. Continue reading
Posted in Inflation, MN Gordon
Tagged federal reserve, janet yellen, jerome powell, joe biden, kamala harris, treasury
24 Comments
What’s Up With Gold?
Amidst a backdrop of raging consumer price inflation something strange and unexpected is going on. The U.S. dollar has become more valuable. Not against goods and services. But against foreign currencies. Continue reading
Powell’s Pivot to Nowhere
Slow growth. High prices. The U.S. economy – and the global economy – was already facing these disagreeable prospects before Putin invaded Ukraine. Continue reading
Posted in Inflation, MN Gordon
Tagged jerome powell, oil, supply chocks, thomas friedman, wheat
21 Comments