Category Archives: MN Gordon
Destination Mars
One of the more preposterous deeds of modern central banking involves creating digital monetary credits from nothing and then using the faux money to purchase stocks. If you’re unfamiliar with this erudite form of monetary policy this may sound rather … Continue reading
Larry Summers Wants to Give You a Free Lunch
The existing capital stock continues to be frittered away at the expense of savers and retirees. Nonetheless, central bankers don’t give a doggone about it. This, after all, is one consequence of roughly eight years of near zero interest rate … Continue reading
Celebrating this Land of Absurdity
“Myths and legends die hard in America,” remarked Hunter S. Thompson in The Great Shark Hunt, nearly 40-years ago. Thompson didn’t likely have U.S. Treasury bonds in mind when he made this observation. Though, if he were still alive, he … Continue reading
Quitting the Cucumber Affair
Vince Lombardi, the famous American football coach, once said, “Winners never quit and quitters never win.” Maybe he meant that winners overcome obstacles to reach their goals while quitters give up and fall short…or something to that effect. Certainly, this … Continue reading
