Tag Archives: currency

Be Like Jimmy

Posted on June 28, 2011 by MN Gordon

The DOW jumped up 108 point yesterday.  The headlines offer many reasons why this is so.  But we don’t have time to consider them today.  For we have other points to ponder…like debt. You see, individuals and nations alike have … Continue reading →

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Cash and Credit Created from Thin Air is Not Real Wealth

Posted on May 3, 2011 by MN Gordon

Something mysterious is happening.  The U.S. economy is deflating at the very moment the Federal Reserve is huffing and puffing more than ever to pump it up.  How could this be possible? Like jumbo shrimp or an ashtray with a … Continue reading →

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Shooting Monetary Blanks

Posted on April 29, 2011 by MN Gordon

Severe storms in the Midwest and South are flooding out levees and riverbanks at a rate not seen in 74 years.  From what we gather, if levels rise much higher at the confluence of the Ohio and Mississippi rivers the … Continue reading →

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The Origins of Central Banking

Posted on April 26, 2011 by MN Gordon

Ben Bernanke must think he’s an amateur entertainer.  Tomorrow, after 98 years of silence, the Fed Chairman will give the central bank’s first-ever press conference. Here at the Economic Prism we’ll be watching with wide eyes and anticipation…hoping for the … Continue reading →

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