Tag Archives: central planning

Karl Marx’s Road to Hell is Paved with Fake Money

Posted on May 14, 2021 by MN Gordon

“The way to Hell is paved with good intentions,” remarked Karl Marx in Das Kapital. The devious fellow was bemoaning evil capitalists for having the gall to use their own money for the express purpose of making more money. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 24 Comments

When Boom Turns Into Crack-Up Boom

Posted on January 22, 2021 by MN Gordon

U.S. dollar printing in its current form is a crude procedure. The Treasury issues debt. The Federal Reserve then expands its balance sheet, creating credit from nothing, and loans it to the Treasury. The U.S. government then spends the debt based money into the economy via federal contracts, programs, and, now, stimmy checks. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 27 Comments

Fruits Of Inflation Are Blossoming

Posted on January 15, 2021 by MN Gordon

A bountiful harvest can always be demanded from the land. So, too, a bountiful supply of money can be demanded from the central bank. But remember, in an economy, like a harvest, you reap what you sow. What we mean is all money is not created equal. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 20 Comments

Your Figuring Central Planners At Work

Posted on August 21, 2020 by MN Gordon

The central planners never hit their inflation targets. But, in spraying the economy with birdshot, they cause massive disruption. This aside, assuming the central planners at the Fed could target price inflation, what rate of inflation would they precisely pinpoint? Continue reading →

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