Category Archives: MN Gordon
When Boom Turns Into Crack-Up Boom
U.S. dollar printing in its current form is a crude procedure. The Treasury issues debt. The Federal Reserve then expands its balance sheet, creating credit from nothing, and loans it to the Treasury. The U.S. government then spends the debt based money into the economy via federal contracts, programs, and, now, stimmy checks. Continue reading
Fruits Of Inflation Are Blossoming
A bountiful harvest can always be demanded from the land. So, too, a bountiful supply of money can be demanded from the central bank. But remember, in an economy, like a harvest, you reap what you sow. What we mean is all money is not created equal. Continue reading
Let The Good Times Roll
The storming of the U.S. Capitol Building on Wednesday was a wacky and wild escapade. But it shouldn’t be a surprise. These things happen when a nation’s in decline. And, as Wednesday demonstrated, America’s recline and flail goes on. Continue reading
How to Triumph in 2021 or Die Trying
Henry Worsley should have called it quits. His hero, early 20th century Antarctic explorer Ernest Shackleton, did. In 1909, Shackleton and three companions went closer to the South Pole than anyone had previously gone. But at 97 nautical miles away, and with death knocking at their door, they retreated. Continue reading
