Tag Archives: china

Have We Entered the New Dark Ages?

There’s never a good time to spew printing press money into the economy.  But the years 2020-21 were particularly bad.  That’s because governments the world over locked down their economies for no good reason at all. Continue reading

Posted in MN Gordon, Politics | Tagged , , , , , | 34 Comments

Why Consumer Price Inflation Is Here To Stay

The ability of U.S. central planners to export price inflation to China is finally breaking down. This ability masked the effect of loose fiscal and monetary policies in the U.S. for several decades, as the consequences of enormous deficits and radical money supply expansion were offset by low cost consumer goods. Those days are over. Continue reading

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

China’s Debts are Coming Due at the Worst Possible Time

The economic consequences of coronavirus are quickly piling up like garbage along the streets of Los Angeles.  Breaking supply chains, closed Chinese factories, iPhone disruptions, and massive shortages of Chinese made products.  These developments will most definitely get worse before they get better. Continue reading

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

The Ugly End of Globalization

About this time, something even more historic happened.  Roughly one billion Chinese workers, who were willing to work for less than peanuts, joined the global workforce.  As a result, the U.S. was able to export its inflation – and jobs – to China and other emerging economies over the next three decades. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 26 Comments