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Tag Archives: bailouts
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 abc act, adam smith, bailouts, free money, stimulus
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 bailouts, central planning, collapse, federal reserve, general motors
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 aig, bailouts, dick fuld, financial engineering, jim bunning, tarp
5 Comments
Why We Are All Doomed
Second quarter GDP, as reported in by the Bureau of Economic Analysis on August 28, grew at an annualized rate of 4.2 percent. This follows up a 2.1 percent decline in the first quarter. Just what is it that turned … Continue reading
Posted in Economy, MN Gordon
Tagged bailouts, bureau of economic analysis, bureau of labor statistics, GDP, jobs
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