Tag Archives: janet yellen

How Washington Ruined America’s Future

Posted on July 21, 2023 by MN Gordon

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 , , , , | 21 Comments

What Will People Do?

Posted on May 5, 2023 by MN Gordon

Treasury Secretary Janet Yellen is a woman of letters. We like this about her. Because, like us, in a world of text snippets, tweets, and animated gifs, she finds the traditional exchange of letters to be most civilized. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 1 Comment

Debt Ceilings are for Idiots

Posted on January 20, 2023 by MN Gordon

The great dollar devaluation is the consequence of decades of rampant currency debasement policies. The mechanics are executed in tandem between the Federal Reserve and the Treasury. The Fed supplies the credit – created out of thin air. The Treasury borrows it from the Fed. And spends it. Continue reading →

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What Happens When Work Doesn’t Pay

Posted on August 5, 2022 by MN Gordon

Jobs data reported this week by the Bureau of Labor Statistics show that, as of the last business day of June, there are 10.7 million job openings. Hence, according to the numbers, there are many more available jobs than willing workers. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 17 Comments