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Tag Archives: congress
Why There Will Be No 11th Hour Debt Ceiling Deal
A new milestone on the American populaces’ collective pursuit of insolvency was reached this week. According to a report published on Tuesday by the Federal Reserve Bank of New York, total U.S. household debt jumped to a new record high … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, debt ceiling, fomc minutes, household debt, wealth effect
20 Comments
Congress’s Radical Plan to End Illegal Money
One of the many downfalls of being the United States Secretary of the Treasury is the requirement to place one’s autograph on the face of the Federal Reserve’s legal tender notes. There, on public display, is an overt record of … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, debt ceiling, illegal money, jp morgan chase, legal tender, steven mnuchin, visa
14 Comments
Work is for Idiots
The International Monetary Fund reported an unpleasant outlook for the U.S. economy on Wednesday. The IMF, as part of its annual review, believes the U.S. economic model isn’t working as well as it could to generate shared income growth. On … Continue reading
Posted in Inflation, MN Gordon
Tagged congress, federal reserve, freedom, international monetary fund, liberty, warren buffett
2 Comments
March to Default
“May you live in interesting times,” says the ancient Chinese curse. No doubt about it, we live in interesting times. Hardly a day goes by that we’re not aghast and astounded by a series of grotesque caricatures of the world … Continue reading
Posted in Government Debt, MN Gordon
Tagged collapse, congress, debt ceiling, default, dollar, treasuries
1 Comment