Jesse's Café Américain

“I know there is a God — I see the storm coming and I see His hand in it — If He has a place for me then I am ready.”

John F. Kennedy, scrawled on a prayer breakfast program, NYT, May 15, 1964

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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