Category Archives: MN Gordon

One Heck of a Reality Television Fight

Economic nationalism and the China bugaboo is shaping up to be one heck of a reality television fight. This is a cause that idiots on both sides can line up behind with gusto. Continue reading

Posted in MN Gordon, Politics | Tagged , , , , | 14 Comments

The Three Stages of Modern Monetary Theory

Some ideas are so bad they’re best ignored.  Like resentments – or stray cats – if you don’t feed them, they’ll go away.  Before long, they’re forgotten altogether. That has been our approach to Modern Monetary Theory (MMT).  The idea’s so obviously foolish, reckless, and outright suicidal.  Why feed this dorkus maximus of economic thought? Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , , | 17 Comments

Why Fed Chair Powell’s a Laughingstock

Powell believes this ”technical adjustment” will compel banks with excess reserves parked at the Fed to pursue better returns elsewhere.  Powell also believes lowering the IOER rate will keep the federal funds rate from deviating above its upper range. Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 4 Comments

Why a Chernobyl-like Financial Disaster is Inescapable

In the early morning hours of April 26, 1986 – roughly 33 years ago – things went horribly wrong in the town of Pripyat, in northern Soviet Ukraine.  Reactor No. 4 at the V. I. Lenin Nuclear Power Plant, also known as the Chernobyl Nuclear Power Plant, was overwhelmed by an uncontrolled reaction.  There was no stopping it. Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 1 Comment