Tag Archives: dollar

America Goes Full Imbecile

Credit has a wicked way of magnifying a person’s defects.  Even the most cautious man, with unlimited credit, can make mistakes that in retrospect seem absurd.  But an average man, with unlimited credit, is preeminently disposed to going full imbecile. … Continue reading

Posted in MN Gordon, Politics | Tagged , , , , | 5 Comments

March to Default

“May you live in interesting times,” says the ancient Chinese curse.  No doubt about it, we live in interesting times.  Hardly a day goes by that we’re not aghast and astounded by a series of grotesque caricatures of the world … Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , , | 1 Comment

The Long Run Economics of Debt Based Stimulus

Something both unwanted and unexpected has tormented western economies in the 21st century.  Gross domestic product (GDP) has moderated onward while government debt has spiked upward.  Orthodox economists continue to be flummoxed by what has transpired. Here is the United … Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 4 Comments

How Capital is Allocated in 2016

Distilling down and projecting out the economy’s limitless spectrum of interrelationships is near impossible to do with any regular accuracy.  The inputs are too vast.  The relationships are too erratic. Quite frankly, keeping tabs on it all is beyond human … Continue reading

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