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Category Archives: Politics
Haunted by Ghosts of the Old Eastern Bloc
Jerome Powell, the new Chairman of the Federal Reserve, just completed his third week on the job. He’s hardly had enough time to learn how to operate the office coffee maker, let alone the all-in-one printer. He still doesn’t know … Continue reading
Posted in MN Gordon, Politics
Tagged central planning, eastern bloc, jerome powell, misallocation of capital, price controls
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The Donald Saves the Dollar
The world is full of bad ideas. Just look around. One can hardly blink without a multitude of bad ideas coming into view. What’s more, the worse an idea is, the more popular it becomes. Take Mickey’s Fine Malt Liquor. … Continue reading
Posted in MN Gordon, Politics
Tagged davos, european central bank, federal reserve, international monetary fund, steven mnuchin
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The Rug Yank Phase of Fed Policy
The political differences of today’s leading two parties are not over ultimate questions of principles. Rather, they’re over opposing answers to the question of how a goal can be achieved with the least sacrifice. For lawmakers, the goal is to … Continue reading
Posted in MN Gordon, Politics
Tagged federal funds rate, federal reserve, fomc meeting, jay powell, wall street, washington
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The Zealous Pursuit of State-Sponsored Collapse
Government intervention into a nation’s economy is as foolish as attempting to control the sun’s rise and fall by law or force. But that doesn’t mean governments don’t meddle each and every day with the best – and worst – … Continue reading
Posted in MN Gordon, Politics
Tagged collapse, government meddling, price fixing, taxes, wage controls
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