Category Archives: MN Gordon
Lurching Back into the Vicious Cycle of Recession
Last Friday the Commerce Department announced that private sector wages and government benefits both fell in August. The combination of these two undesirable data points resulted in the first monthly decline in overall personal income since October 2009. What this … Continue reading
China’s Return to Normal
The stock market watches Europe with intent hesitation. Up one day. Down the next. One day Europe’s on the verge of financial meltdown and stocks are in the cellar. The next day rumors of a big bailout have markets floating … Continue reading
Change We Can Believe In: Soak the Rich
Sometime in early 1848 French poet Alphonse de Lamartine had a change of appetite. For whatever reason, he no longer took to gobbling up frog legs but to gobbling up the new, forward thinking, ideas of the day. It all … Continue reading
On Scientific Management of the Economy and Going for Broke
Federal Reserve Chairman Ben Bernanke should never have left Princeton. He’s much better suited for a lifetime of pontification than real work. Not that chairing the Federal Reserve is real work. Yet, even so, at least as a professor his … Continue reading
