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Tag Archives: government action
How Washington Ruined America’s Future
United States Secretary of Treasury Janet Yellen has an incredible job. She writes rubber checks to pay America’s bills. Yet, somehow, the rubber checks don’t bounce. Instead, like magic, they clear. Continue reading
Posted in Government Debt, MN Gordon
Tagged debt, GDP, government action, interest rate, janet yellen
21 Comments
America’s Road Map to $40 Trillion National Debt by 2028
Watch out! At this very moment, professional economists of all stripes are making plans on your behalf. They’re dreaming and scheming new and innovative ways to spend your money long before you’ve earned it. Continue reading
Posted in Economy, MN Gordon
Tagged debt, default, government action, modern monetary theory, pre-emptive stimulus
9 Comments
The Hollow Promise of a Statist Economy
Not a day goes by that doesn’t supply a new specimen of inane disclarity. Muddy ideas are dredged up from tainted minds like lumps of odorous pond muck. We do our part to clean up the mess, whether we want to or not. Continue reading
Posted in Economy, MN Gordon
Tagged central planning, federal reserve, government action, socialism, statist
3 Comments
Larry Summers Wants to Give You a Free Lunch
The existing capital stock continues to be frittered away at the expense of savers and retirees. Nonetheless, central bankers don’t give a doggone about it. This, after all, is one consequence of roughly eight years of near zero interest rate … Continue reading
Posted in Government Debt, MN Gordon
Tagged debt, federal reserve, government action, interest rate, larry summers, treasuries
7 Comments