Tag Archives: deficit spending

Adventures in Currency Debasement

Posted on January 27, 2017 by MN Gordon

The U.S. dollar, as measured by the dollar index, has generally gone up since mid-2014.  The dollar index goes up when the U.S. dollar gains strength (value) against a basket of currencies, including the euro, yen, pound, and several others.  … Continue reading →

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Deficit Spending is Not the Answer

Posted on March 25, 2016 by MN Gordon

Central bankers and monetary adherents the world over are united in the common grouse that fiscal policy is lacking.  Grander programs of direct stimulation are needed, they grumble.  Monetary policy alone won’t cut the mustard, they gripe. Hardly a week … Continue reading →

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