Tag Archives: gas prices

Mandated Scarcity in the Land of Fruits and Nuts

Last Wednesday night, following the Presidential debate, we stepped outside our back stoop and were greeted with the displeasure of a sulfurous odor.  It singed our nose hairs.  It burned our eyes.  We could practically taste it. At first we … Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 1 Comment

The Consequences of Lard

The Labor Department reported last Friday that consumer prices increased 0.3 percent in March.  More importantly, however, when adjusting for the increase in prices, worker earnings fell 0.4 percent during the month.  What this means is that wage earners are … Continue reading

Posted in Government Debt, MN Gordon | Tagged , , , , , | Leave a comment

Monetary Policy, Explained

Minutes from the March 13 Federal Open Market Committee meeting were released Tuesday afternoon.  Upon perusing the record of proceedings, Wall Street was shocked to discover there was no discussion of monetary easing options.  Traders promptly sold.  Then, on Wednesday, … Continue reading

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

Titanic Myths and the End of Consumer Capitalism

Next month marks the 100-year anniversary of the Titanic’s star-crossed demise into the frigid waters of the North Atlantic Ocean.  To commemorate the occasion, the April edition of National Geographic features a cover story on the grand ocean liner and … Continue reading

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