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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 china, europe, gas, new dark ages, russia, united states
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 china, consumer prices, jerome powell, people's bank of china, raw materials
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
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 china, collapse, dow 27000, federal reserve, globalization
26 Comments
