Tag Archives: european central bank

The Donald Saves the Dollar

Posted on January 26, 2018 by MN Gordon

The world is full of bad ideas.  Just look around.  One can hardly blink without a multitude of bad ideas coming into view.  What’s more, the worse an idea is, the more popular it becomes. Take Mickey’s Fine Malt Liquor.  … Continue reading →

Posted in MN Gordon, Politics | Tagged , , , , | Leave a comment

Destination Mars

Posted on July 15, 2016 by MN Gordon

One of the more preposterous deeds of modern central banking involves creating digital monetary credits from nothing and then using the faux money to purchase stocks.  If you’re unfamiliar with this erudite form of monetary policy this may sound rather … Continue reading →

Posted in MN Gordon, Stock Market | Tagged , , , , , | 12 Comments

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 →

Posted in Inflation, MN Gordon | Tagged , , , , , , | Leave a comment

No Free Lunches Be Damned

Posted on March 11, 2016 by MN Gordon

“There ain’t no such thing as a free lunch,” is one of the essential axioms of economics.  No doubt about it, there’s no getting around this simple truth.  Everything has a price. For example, even if someone buys you lunch … Continue reading →

Posted in MN Gordon, Politics | Tagged , , , , | 7 Comments