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Category Archives: MN Gordon
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
Does the American State Deserve Collapse?
Monetary, fiscal, economic, political, and military affairs are tightly interwoven into the fabric of a nation. The primary thread extending throughout is the state’s endless desire to dominate and centralize the supply of money. Continue reading
Posted in MN Gordon, Politics
Tagged adam smith, decline and fall, edward gibbon, marcus aurelius, roman empire
7 Comments
How Public Pensions Turn Cities into Unlivable Hellholes
Nearly 20-years ago, while providing consulting services to a county sanitation district, we crossed paths with a grumpy fellow who had only a secondary interest in providing industrious work. His primary interest was deliberating on his upcoming retirement; he could bend your ear off. Continue reading
Posted in Government Debt, MN Gordon
Tagged calpers, legacy costs, pasadena, public pension funds, steve mermell
32 Comments
The Decline and Fall of a High Finance Wizard
Citron trusted his clairvoyance. He believed he knew what the Fed was going to do before the Fed even knew. His apparent acumen had garnered him the highest reputation. He was regard a wizard of high finance. Continue reading
Posted in Government Debt, MN Gordon
Tagged 1994, alan greenspan, merrill lynch, orange county bankruptcy, robert citron
3 Comments