Tag Archives: china

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 , , , , | 25 Comments

Workers of the World, Unite!

Several decades of perpetual credit creation courtesy of the Fed’s artificially low interest rates have had countless unintended consequences for the global economy. In short, the economy’s reconfigured itself in ways it otherwise wouldn’t have. One example is the offshoring of U.S. jobs to China and the massive trade imbalance between the two countries. Continue reading

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

One Heck of a Reality Television Fight

Economic nationalism and the China bugaboo is shaping up to be one heck of a reality television fight. This is a cause that idiots on both sides can line up behind with gusto. Continue reading

Posted in MN Gordon, Politics | Tagged , , , , | 14 Comments

Are You Prepared for the End of Fake Money?

Today we begin with a fundamental question: What is money? This, no doubt, is an important question.  And we ask it with clear intent and purpose.  Namely, we want to better understand how it’s possible for America to rack up … Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 9 Comments