Jesse's Café Américain

"Where such a shift in power is in favor of the governing elite, Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse. Most state sponsored murder occurs under the cover of war, revolution, or guerrilla war, or in their aftermath."
R. J. Rummel

Showing posts with label Keynesianism. Show all posts
Showing posts with label Keynesianism. Show all posts
08 October 2011

Modern Economics: The Money Masters and Modern Economic Theory - Credibility Trap

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Yesterday it was Yves Smith who took Paul Krugman to task. And I defended him in that instance in the comments. But now alas it's my t...
24 November 2009

The Last Bubble

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The purpose of monetary and fiscal stimulus in economics is similar to the use of anesthesia and antiseptics during an important surgical pr...
04 June 2009

The Stock Market in Context with the Great Crash of 1929 - 1932

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The US Stock Market Crash of 2007 - 2010 expressed in percent decline from the market top in October 2007. A trading day by trading day comp...
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