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Tag Archives: dollar
Janet Yellen’s Bad Idea
Yesterday something quite remarkable happened. House Republicans and President Obama talked. We don’t know what it was they talked about. But, perhaps, it had something to do with raising the debt ceiling. Wall Street was elated. The DOW and the … Continue reading
Posted in MN Gordon, Politics
Tagged ben bernanke, debt ceiling, default, dollar, federal reserve, janet yellen
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Committed to Mass Public Spending
Yesterday President Obama said a government shutdown “would throw a wrench into the gears of our economy.” Here at the Economic Prism we say, “Bring it on.” For a wrench caught in the gears is just what’s needed…especially if the … Continue reading
Posted in Government Debt, MN Gordon
Tagged congress, debt, debt ceiling, default, dollar, government action, saving, treasuries
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Things Are Getting Better and Other Popular Lies
The President says things are getting better. The economy’s improving. There will be prosperity for all in our time. But if you live outside the Washington beltway, and earn your living through honest means, you know this is essentially a … Continue reading
Posted in Economy, MN Gordon
Tagged ben bernanke, consumer price index, currency, dollar, federal reserve, government meddling, john maynard keynes
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Mrs. Knott’s Chicken Dinner Restaurant Inflation Instruction
Sometime in the 1920s Walter Knott, an unsuccessful farmer, nursed several dying berry vines back to life at his Buena Park, California, farm. Little did he know, his fortunes were about to change. These unique vines were created by Rudolph … Continue reading