Tag Archives: san joaquin valley
Choking On the Salt of Debt
Roughly three years ago, after traversing between Los Angeles and San Francisco via the expansive San Joaquin Valley, we penned the article, Salting the Economy to Death. At the time, the monetary order was approach peak ZIRP. We found the … Continue reading
Posted in Government Debt, MN Gordon
Tagged agriculture, cadillac desert, debt, san joaquin valley, treasuries
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Salting the Economy to Death
One popular delusion that won’t seem to go away is the notion that policy makers can stimulate robust economic growth by setting interest rates artificially low. The general theory is that cheap credit compels individuals and businesses to borrow more … Continue reading
Posted in Inflation, MN Gordon
Tagged cheap credit, economic stimulus, federal reserve, interest rates, san joaquin valley
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