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Category Archives: Politics
Has Social Security Run Out of Suckers?
Did you know that the U.S. government has run a budget deficit in the month of October 70 times out of the past 70 fiscal years? Continue reading
Posted in MN Gordon, Politics
Tagged cola, deficit, john t flynn, social security, socialized insecurity
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Everything’s Spooktacular
October wouldn’t be complete without a thrilling spooktacular surprise. The October 7 sneak attack by Hamas on Israel and Israel’s subsequent official declaration of war certainly fits the bill. But what else? Continue reading
How the Dianne Feinstein Effect Wrecked the Future
Attempting to spend a nation to prosperity using borrowed money at everyday low rates courtesy of the Fed is not without consequences. In the short run, an illusion of wealth can be erected. In the long run, that illusion slips into decay and disrepair. Rising interest rates expedite the failure of fiscal recklessness. Continue reading
Posted in MN Gordon, Politics
Tagged debt, default, dianne feinstein, federal reserve, treasuries
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Where Did Neel Kashkari’s Infinite Cash Go?
On April 10, 2020, at the apex of mass coronavirus hysteria, Minneapolis Fed President Neel Kashkari appeared on 60 Minutes. With eyes bugging out of his head, he offered a critical insight. That the Federal Reserve has “infinite cash” and will do whatever it needs to make sure there is enough cash in the banking system. Continue reading
Posted in MN Gordon, Politics
Tagged $700 billion, boom and bust, infinite cash, neel kashkari, tarp
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