Tag Archives: interest rates

When Fake Money Becomes Scarce

Posted on November 9, 2018 by MN Gordon

A rousing display of diversions this week assured the American populace was looking every which way but right under its collective nose.  Midterm elections.  White House spats with purveyors of fake news.  The forced resignation of Attorney General Sessions… Sideshows … Continue reading →

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Salting the Economy to Death

Posted on November 27, 2015 by MN Gordon

One popular delusion that won’t seem to go away is the notion that policy makers can stimulate robust economic growth by setting interest rates artificially low.  The general theory is that cheap credit compels individuals and businesses to borrow more … Continue reading →

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Constructive Simplicity for China’s Communist Party Plenum

Posted on October 27, 2015 by MN Gordon

The People’s Bank of China cut benchmark interest rates by 0.25 percent on Friday.  This was the sixth time they’ve lowered interest rates within a year.  Bank reserve requirements were also reduced by 0.5 percent. Economic growth has gradually declined … Continue reading →

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More Monetary Policy Madness

Posted on October 6, 2015 by MN Gordon

Something extraordinarily uncommon is happening.  Something that hasn’t happened since 1988…back when the U.S. federal debt was just $2.6 trillion. According to the Institute of International Finance, wealth is not flowing into emerging markets for the first time in 27 … Continue reading →

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