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Tag Archives: great depression
A Walk on the Wild Side
“Never play cards with a man called Doc. Never eat at a place called Mom’s. Never sleep with a woman whose troubles are worse than your own.” – Nelson Algren, A Walk on the Wild Side Fresh Fruit or Rotting … Continue reading
Posted in Economy, MN Gordon
Tagged business cycle, collapse, great depression, nelson algren, paul tudor jones
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Meet Your New Stimulus Allocation Czar
The march towards midnight is both stirring and foreboding. Like a death row inmate sitting down to savor his last meal, a grim excitement greets the reality of impending doom. Thoughts of imminent mortality haunt each bite. As far as … Continue reading
Posted in Government Debt, MN Gordon
Tagged collapse, debt, great depression, larry summers, stimulus allocation
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How to Maximize Economic Potential
Problems, as people commonly perceive them, require solutions. Broken shoelaces must get fixed. Regrettably, in today’s democracy this means the candidate who offers the most fixes – in the form of goodies – to the most people wins the election. … Continue reading
Posted in Economy, MN Gordon
Tagged freedom, gallop poll, great depression, recession, unintended consequences
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China’s Exercise in Futility
At the moment, it appears the Chinese government has forestalled a full stock market meltdown. To do so, the People’s Bank of China made direct purchases of stocks trading on the Shanghai Stock Exchange. What type of chimera is this? … Continue reading
Posted in Government Debt, MN Gordon
Tagged bank of japan, china, corporate debt, great depression, people's bank of china
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