Tag Archives: jerome powell

Facing Down a Wrath of Biblical Proportions

An enterprising entrepreneur did a comedic graphic of Federal Reserve Chairman Jerome Powell captioned: “IN JPOW WE TRUST.” You may have seen it. The image shows Powell flamboyantly wearing a preacher’s robe and making an esoteric hand gesture with his right hand. His face is grimacing like he’s passing a kidney stone. Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 30 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

Powell’s Pivot to Nowhere

Slow growth. High prices. The U.S. economy – and the global economy – was already facing these disagreeable prospects before Putin invaded Ukraine. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 21 Comments

How Central Planners Corrupted the World

The impossible happened in the late-1970s. Inflation and unemployment simultaneously went vertical. Leading economists were baffled. This contradicted their academic training. Continue reading

Posted in MN Gordon, Politics | Tagged , , , , , | 35 Comments