The Choice

Posted on November 22, 2024 by MN Gordon

“And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth.” – Matthew 25:30

Daycare for Adults

Sometimes things must get worse before they get better. Reducing deficit spending and eliminating government waste, for example, will initially have a negative impact on GDP and employment. Though, this is exactly what is needed to restore America’s economic health.

U.S. government spending has run riot for over 50 years. Over the last two decades, it has gone completely berserk. In fact, since 2004, the national debt has jumped from $8 trillion to $36 trillion.

All this debt-based government spending has created massive distortions in the economy. The price of consumer goods, a glut of unproductive government jobs, the appearance of economic growth, and more. The effects of government spending range far and wide.

Without question, government spending is responsible for the inflation of consumer prices. However, it is also responsible for the inflation of key government statistics. Specifically, GDP and employment. Continue reading →

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How The Trade War Ends

Posted on November 15, 2024 by MN Gordon

The quote “When goods don’t cross borders, soldiers will,” is frequently attributed to 19th century writer and free market economist Frederic Bastiat. While these specific words, strung together with this specific syntax, cannot be found in Bastiat published catalogue, their sentiments are of the type he would have likely endorsed.

The point is that free trade not only increases the wealth of different societies, but it may also be essential for peaceful relations. The breakdown of free trade has often coincided with wars. These wars start as currency and trade wars and then escalate into shooting wars. This is something to be mindful of as President-elect Trump amps up forthcoming import tariffs.

Global trade has expanded without interruption for so long that only senior citizens remember anything different. But global trade hasn’t always expanded. In fact, there have been long episodes of global trade contractions that have played out over long secular trends for thousands of years. Continue reading →

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The Road to America’s Golden Age

Posted on November 8, 2024 by MN Gordon

Hey! Rub-a-dub-dub. Trump won!

Make a toast or say a prayer. It all depends on your political and spiritual preferences. There are times to kiss the bottle. So, too, there are times to kneel in church. Perhaps now is the time for both.

“This will truly be the golden age of America,” remarked Trump.

We wish the President-elect the best in this undertaking. There’s certainly a lot of work that needs to be done to restore America’s luster. This mainly involves cleaning up a huge pile of wreckage from the past.

There’s the real possibility that the ultimate financial reckoning, one resulting from over 110 years of expedient and reckless decisions, will happen on Trump’s watch. Maybe that’s why the Democrat party’s dealmakers installed Harris and Walz – two obvious losers – to headline the party ticket.

There needs to be a scapegoat when everything goes up in smoke. Someone the media elites can point to and say, ‘it’s all his fault.’ Trump, without question, makes the perfect fall guy. Continue reading →

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Inflation and Chaos

Posted on November 1, 2024 by MN Gordon

The presidential election is less than one week away. Will Trump be the victor or will Harris?

The mainstream media is calling it a tossup. But from what we can tell, Trump appears to have the edge. At least, that’s what Wall Street is signaling.

Of course, apart from death and taxes, there are no guarantees in life. This is especially true when it comes to presidential elections. Anything can happen on election night. Ballot stuffing, fraud, hanging chads. You name it.

What will it be this time that throws the election results into question? Moreover, will voters accept the determined outcome? Or will discontented supporters of the losing side take to the streets and inflict total chaos?

What about stocks? Has Wall Street already priced in a Trump win? If so, and if Trump wins, will share prices run up further in celebration or will they drop in a “buy the rumor, sell the news” shakeout?

What will happen if Harris pulls out the victory? Will stocks crash? If so, is this a strategic buying opportunity? Continue reading →

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