Tag Archives: federal reserve

The United States Can’t Afford Prosperity

Posted on February 1, 2013 by MN Gordon

Earlier this week it was revealed that something remarkable and totally unexpected happened during the fourth quarter of 2012.  The economy didn’t grow.  It shrank. “Real gross domestic product – the output of goods and services produced by labor and … Continue reading →

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“We Know Better!”

Posted on January 4, 2013 by MN Gordon

Monetary intervention into credit markets is much easier to start than to stop.  In fact, once started, monetary intervention is nearly impossible to stop.  Just ask Fed Chairman, Ben Bernanke. He’s promised to expand the Fed’s balance sheet by over … Continue reading →

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Blowing Gas

Posted on December 14, 2012 by MN Gordon

Things sure do change.  Several years ago the personnel working the freeway off ramps in Long Beach, California, were immigrants from Mexico.  They were selling oranges and roses to working stiffs on the way home from their cubicle jobs. These … Continue reading →

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The Malady of the Federal Reserve

Posted on December 11, 2012 by MN Gordon

Ben Bernanke and his pals at the Federal Reserve are meeting today to come up with their next plan for manipulating credit markets.  Tomorrow they’ll let us know their grand designs for monkeying with the money supply and interest rates.  … Continue reading →

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