Tag Archives: janet yellen

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

Paying the Price for Krugman’s Terrible Mistake

Posted on July 29, 2022 by MN Gordon

Clear economic thinking and lucid communication via the written word tumbled out of fashion nearly 100 years ago. The fall from grace was triggered by the 1936 publication of John Maynard Keynes’ The General Theory of Employment, Interest and Money. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 22 Comments

How Inflation Got Away from Washington Screw Ups

Posted on June 10, 2022 by MN Gordon

Being a government hack has its advantages. You get eleven paid holidays per year. You get promoted for poor performance. The benefits are superb. Best of all, you can get remarkably rich…even if you’re a screw up. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , , | 24 Comments