Tag Archives: robert merton

As the Credit Cycle Turns

Posted on August 24, 2018 by MN Gordon

A rising stock market has the illusory effect of masking the economy’s warts and blemishes.  Who cares if incomes are stagnant when everyone’s getting rich off stocks?  Certainly, winning wealth via the stock market beats working for it. Without question, … Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 1 Comment