Tag Archives: monetizing debt

The Solution to Inflation

Posted on December 17, 2021 by MN Gordon

President Biden and his cohorts in Congress and at the Federal Reserve have delivered an early Christmas present. They’ve given Americans the gift of raging price inflation. The cost of just about everything has gone through the roof. Continue reading →

Posted in Inflation, MN Gordon | Tagged , , , , | 1 Comment

Walking the Path of Self Destruction

Posted on October 22, 2021 by MN Gordon

The era of stimmy checks and cheap consumer goods was fun while it lasted. Like a hot lunch, it always tastes better when free. The smell is more aromatic. The bites are more flavorful. Most of all, the belly leaves the table more contented. But is a free lunch ever really free? Continue reading →

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

The Great Donkification

Posted on March 19, 2021 by MN Gordon

The U.S. national debt has now eclipsed $28 trillion. The budget deficit for the 2021 fiscal year will likely run up to nearly $3 trillion – possibly more. Hence, it will be financed with printing press money…that is credit created from thin air by the Federal Reserve and loaned to the Treasury. Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , , | 5 Comments

Fifty Basis Points To Disaster

Posted on March 12, 2021 by MN Gordon

Fiscal stimulus, including the latest $1.9 trillion American Rescue Plan Act, is a terrible joke. And the means for financing it is a terrible fraud. A massive deficit, piled upon a mammoth debt, made possible by dollar debasement. Continue reading →

Posted in Economy, MN Gordon | Tagged , , , , | 52 Comments