Tag Archives: janet yellen

Debt Ceilings are for Idiots

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

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

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

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