Tag Archives: wealth effect

Why There Will Be No 11th Hour Debt Ceiling Deal

Posted on August 18, 2017 by MN Gordon

A new milestone on the American populaces’ collective pursuit of insolvency was reached this week.  According to a report published on Tuesday by the Federal Reserve Bank of New York, total U.S. household debt jumped to a new record high … Continue reading →

Posted in Government Debt, MN Gordon | Tagged , , , , | 20 Comments

Destination Mars

Posted on July 15, 2016 by MN Gordon

One of the more preposterous deeds of modern central banking involves creating digital monetary credits from nothing and then using the faux money to purchase stocks.  If you’re unfamiliar with this erudite form of monetary policy this may sound rather … Continue reading →

Posted in MN Gordon, Stock Market | Tagged , , , , , | 12 Comments