Tag Archives: debt

What You Will Find When You Follow the Money

It has been a rough go for California Governor Gavin Newsom. Late last week it was revealed that the state Department of Public Health had tickled the poodle on its COVID-19 record keeping. Somehow the bureaucrats in Sacramento undercounted new coronavirus cases by as many as 300,000. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 23 Comments

Black Lives Matter: An Immodest Suggestion

Here at the Economic Prism we hesitate to offer advice. We don’t know the answers. We hardly know the questions. But we do observe, contemplate, and reflect. And as far as we can tell the BLM movement is empty of ideas and without direction. Hence, from a place of modesty, we offer an immodest suggestion. Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , | 18 Comments

Game Over Spending

Second quarter 2020 came and went like a California wildfire. The economic devastation caused by the government lockdowns was swift, the destruction immense, and the damage lasting. But, nonetheless, in Q2, the major U.S. stock market indices rallied at a record pace. Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , , | 21 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

Posted in Economy, MN Gordon | Tagged , , , , | 17 Comments