Jesse's Café Américain

"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. 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."
R. J. Rummel, Mass Murder and Genocide, 1994

Showing posts with label Weimar. Show all posts
Showing posts with label Weimar. Show all posts
22 June 2009

Some Common Fallacies About Inflation and Deflation: the Weimar Nightmare in Review

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There are several fallacies making the rounds of the economic community, often put forward by pundits on the infomercials for corporate Amer...
03 April 2009

Pictures From a Monetary Bubble

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Credit bubbles are very much like pyramid, or Ponzi, schemes. The middle class is particularly hard hit as they exchange their remaining rea...
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