Tag Archives: ben bernanke

Deficit Spending is Not the Answer

Central bankers and monetary adherents the world over are united in the common grouse that fiscal policy is lacking.  Grander programs of direct stimulation are needed, they grumble.  Monetary policy alone won’t cut the mustard, they gripe. Hardly a week … Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , , , | Leave a comment

The Fed’s Stars Never Aligned

On Wednesday, following the two day Federal Open Market Committee meeting, Fed Chair Janet Yellen will likely announce that the Fed will do something they haven’t done in nearly a decade.  They will raise the federal funds rate. Obviously, a … Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | Leave a comment

Manna from Heaven

Modern day monetary policy’s something we disparage around here at the Economic Prism.  Relegating what price to set the key lending rate to a cadre of unelected technocrats is a contradiction of life in a free society.  That’s how we … Continue reading

Posted in MN Gordon, Stock Market | Tagged , , , , | 2 Comments

The Economic Motherboard is Now Fried

Economics is a boring and tedious trade to the casual observer.  All the monthly report outs on GDP, employment, manufacturing, inflation, among other indexes, are a dull waste of time.  What decisions could one possibly make to improve their lot … Continue reading

Posted in MN Gordon, Politics | Tagged , , , , | Leave a comment