Tag Archives: jerome powell

America Has an Epic Choice

America has an epic choice. And it has nothing to do with who will be the next president of the United States. It has nothing to do with if the new stimulus bill is $1.6 trillion or $2.2 trillion. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 23 Comments

Maxine Waters Drops the Hammer on Powell and Mnuchin

This week Federal Reserve Chairman Jay Powell and U.S. Secretary of the Treasury Steven Mnuchin were called upon by the House Financial Services Committee to provide answers. Somehow, their efforts to deliver upon the directive of the CARES Act did not live up to certain expectations. Magic wands were waved. Yet they only made asset holders richer. Continue reading

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In The Long Run We Are All Alive

The experience of Whiston, and his pseudoscience prophecy, shows that predictions of the end of the world come and go while people still remain. Sometimes the fallout of these predictions, and the foolishness they provoke, is limited. Other times the foolishness they provoke leads to catastrophe. Continue reading

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Your Figuring Central Planners At Work

The central planners never hit their inflation targets. But, in spraying the economy with birdshot, they cause massive disruption. This aside, assuming the central planners at the Fed could target price inflation, what rate of inflation would they precisely pinpoint? Continue reading

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