Tag Archives: mario draghi

Feeling the Heat of a Civilization on the Downside

The political, financial, economic, and social foundations that have been in place over the last 75 years – and perhaps, over the last 220 years – are breaking down.  And no policy directive, no interest rate adjustment, no trade tariff, no five year plan, no extraordinary measures, no green new deal, and no technocratic prevarication is going to stop it.  Big Government doesn’t stand a chance. Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | Leave a comment

Deficit Spending is Not the Answer

Central bankers and monetary adherents the world over are united in the common grouse that fiscal policy is lacking.  Grander programs of direct stimulation are needed, they grumble.  Monetary policy alone won’t cut the mustard, they gripe. Hardly a week … Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , , , | Leave a comment

No Free Lunches Be Damned

“There ain’t no such thing as a free lunch,” is one of the essential axioms of economics.  No doubt about it, there’s no getting around this simple truth.  Everything has a price. For example, even if someone buys you lunch … Continue reading

Posted in MN Gordon, Politics | Tagged , , , , | 7 Comments

Joe Sixpack’s Painful Plight

This week brought forward new evidence that the economy’s slipping and sliding backwards.  On Tuesday, for example, the Institute for Supply Management reported a 48.6 Purchasing Manager’s Index reading for November.  A PMI reading below 50 means manufacturing activity is … Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | Leave a comment