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Debt and Destruction

Posted on August 25, 2023 by MN Gordon

Something’s off. And it’s making life downright unpleasant for a broad cross section of Americans. The average worker, after putting in his 40 hours a week, is coming up short. Cash outflow consistently exceeds cash inflow. Debits overwhelm credits. How could this be? Continue reading →

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How the Fed Retarded the Residential Real Estate Market

Posted on August 4, 2023 by MN Gordon

Even though houses are completely unaffordable, prices remain high because the supply is ultra-constrained. The Fed, in essence, retarded the residential real estate market. Only well-intentioned central planners could accomplish such a feat. Continue reading →

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Welcome to the Era of Targeted Bailouts

Posted on July 7, 2023 by MN Gordon

Here at the Economic Prism, we’re opposed to market intervention and bailouts of all colors and stripes. The conceit of it all, that a collection of unelected bureaucrats knows what’s best for a 330-million-person economy, sticks in our craw like a broken chicken bone. Continue reading →

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On the Importance of Deflation and Depressions

Posted on June 2, 2023 by MN Gordon

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 , , , , , | 20 Comments