Tag Archives: budget deficit

“In America Money Does Grow on Trees”

The U.S. government, and by extension the American people, are fully committed to a program of currency debasement to inflate away the debt problem. They believe executing an implicit default via inflation is the easier and softer way. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 17 Comments

When Budget Deficits Will Really Go Vertical

United States Secretary of Treasury Steven Mnuchin has a sweet gig.  He writes rubber checks to pay the nation’s bills.  Yet, somehow, the rubber checks don’t bounce.  Instead, like magic, they clear. How this all works, considering the nation’s technically … Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , , | 130 Comments

Tax Reform and Trump’s Chinese Trade Deficit Conundrum

Most things come easier said than done.  Take President Trump’s posture on trade with China… Trump doesn’t want a bigger trade deficit with China.  He wants a smaller trade deficit with China.  In fact, reducing the trade deficit with China … Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 16 Comments