Category Archives: MN Gordon
Is the IRS Coming for You?
This week, while you were busy working, President Biden signed what he says is, “one of the most significant laws in our history.” It’s called the Inflation Reduction Act (IRA) of 2022. The name implies it will reduce inflation. How pumping $750 billion into preferred sectors of the economy will reduce inflation is unclear. Continue reading
Why Labor Productivity Has Collapsed
Recession. Raging consumer price inflation. A Presidential administration that seeks to confuse and obfuscate what’s really going on. These are the realities facing American workers in the dog days of August circa 2022. Continue reading
What Happens When Work Doesn’t Pay
Jobs data reported this week by the Bureau of Labor Statistics show that, as of the last business day of June, there are 10.7 million job openings. Hence, according to the numbers, there are many more available jobs than willing workers. Continue reading
Paying the Price for Krugman’s Terrible Mistake
Clear economic thinking and lucid communication via the written word tumbled out of fashion nearly 100 years ago. The fall from grace was triggered by the 1936 publication of John Maynard Keynes’ The General Theory of Employment, Interest and Money. Continue reading
