Tag Archives: bailouts

Welcome to the Era of Targeted Bailouts

Here at the Economic Prism, we’re opposed to market intervention and bailouts of all colors and stripes. The conceit of it all, that a collection of unelected bureaucrats knows what’s best for a 330-million-person economy, sticks in our craw like a broken chicken bone. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , , | 1 Comment

Tasting the Forbidden Fruit of Free Money

There’s something irresistibly magical and intoxicating about the promise of free money. For it promises life without labor…and life without limits. Moreover, once a nation has taken a bite there’s no going back. Free money, you see, is so delicious that too much is never enough. Continue reading

Posted in MN Gordon, Politics | Tagged , , , , | 18 Comments

Tending Towards Maximum Perversity

According to Finagle’s corollary to Murphy’s law, “Anything that can go wrong, will—at the worst possible moment.”  Taken a degree further, per O’Toole’s corollary of Finagle’s law, and the second law of thermodynamics, “The perversity of the Universe tends towards a maximum.” Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 1 Comment

The Cure is Worse than the Disease

Today we look back to the recent past with singleness of purpose.  Context and edification for the present economy is what we’re after.  We have questions… How come the recovery has been so weak?  Why is it that, nearly seven … Continue reading

Posted in MN Gordon, Politics | Tagged , , , , , | 5 Comments