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Tag Archives: central planning
When the Freaks Run Wild
The unpleasant sight of a physical absurdity is both grotesque and interesting. Only the most disciplined individual can resist an extra peek at a three-legged hunch back with face tattoos. The disfigurement has the odd effect of turning the stomach … Continue reading
Posted in Inflation, MN Gordon
Tagged bank of japan, central banking, central planning, economic absurdities, japanese government bonds
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Haunted by Ghosts of the Old Eastern Bloc
Jerome Powell, the new Chairman of the Federal Reserve, just completed his third week on the job. He’s hardly had enough time to learn how to operate the office coffee maker, let alone the all-in-one printer. He still doesn’t know … Continue reading
Posted in MN Gordon, Politics
Tagged central planning, eastern bloc, jerome powell, misallocation of capital, price controls
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Even Death Won’t Save Us
Rubbernecking at the economic train wreck of central planners is not without hazard. A strained collar and dry eyes, for instance, are common perils. So, too, is the lasting grimace of disbelief that comes with the rollout of each zany … Continue reading
Posted in MN Gordon, Politics
Tagged central planning, henry paulson, interest rate, neel kashkari, tarp
6 Comments
China’s $6.6 Trillion Toxic Loan Problem
“As long as you’re green, you’re growing. As soon as you’re ripe, you start to rot,” once remarked Ray Kroc, mastermind of the McDonald’s franchise empire. At the moment, no truer words can be spoken for China’s ripe economy. The … Continue reading
Posted in Economy, MN Gordon
Tagged central planning, china, debt problem, government intervention, yuan
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