Tag Archives: price distortions

Is the Great Post-Pandemic Boom a Great Big Dud?

Prices, remember, are information. And when that information is falsified by an abundance of fake money, businesses and individuals are compelled to do things that would otherwise be nonsensical. Of course, the market with the most falsified prices – the credit market – is also the most prone to compelling destructive behavior. Continue reading

Posted in Economy, MN Gordon | Tagged , , , , | 24 Comments

Potato Sack Economics

Fiscal policy, as opposed to monetary policy, is more readily understood by the general populace. Income taxes, budget deficits, the national debt.  These are all tangible things the average working stiff can grasp a hold of, if they care to. … Continue reading

Posted in Inflation, MN Gordon | Tagged , , , , | 2 Comments

On Price Distortions and Landmines

Former Federal Reserve Chairman Alan Greenspan told CNBC on Friday that the Dow’s new highs and 10-day run were not the result of “irrational exuberance.”  On cue, the Dow took a 25 point nose dive…closing out the day with its … Continue reading

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