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Tag Archives: debt ceiling
On the Importance of Deflation and Depressions
Deflation, in essence, means a general reduction of prices. As opposed to inflation, deflation allows consumers to buy more goods or services tomorrow with the same money they have today. Savvy consumers will then delay purchases in anticipation they can buy more for less in the future. Continue reading
Posted in Economy, MN Gordon
Tagged currency, debt, debt ceiling, default, deflation, dollar
20 Comments
What Will People Do?
Treasury Secretary Janet Yellen is a woman of letters. We like this about her. Because, like us, in a world of text snippets, tweets, and animated gifs, she finds the traditional exchange of letters to be most civilized. Continue reading
Posted in Government Debt, MN Gordon
Tagged artifacts of failure, collapse, congress, debt ceiling, janet yellen
1 Comment
Debt Ceilings are for Idiots
The great dollar devaluation is the consequence of decades of rampant currency debasement policies. The mechanics are executed in tandem between the Federal Reserve and the Treasury. The Fed supplies the credit – created out of thin air. The Treasury borrows it from the Fed. And spends it. Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, debt, debt ceiling, default, dollar, janet yellen
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Are You Prepared for the Mass Repricing of Goods and Services?
Rising consumer price inflation is not going away. This, of course, is counter to the “transitory” argument made by Federal Reserve Chairman Jerome Powell earlier this year. Continue reading
Posted in Inflation, MN Gordon
Tagged debt ceiling, dollar, jerome powell, levi strauss, raphael bostic
36 Comments
