Jesse's Café Américain

“Modern tyranny is terror management. When the terrorist attack comes, remember that authoritarians exploit such events in order to consolidate power. The sudden disaster that requires the end of checks and balances, the dissolution of opposition parties, the suspension of freedom of expression, the right to a fair trial, and so on, is the oldest trick in the Hitlerian book. Do not fall for it.”
Timothy Snyder, On Tyranny

Showing posts with label balance sheet recession. Show all posts
Showing posts with label balance sheet recession. Show all posts
14 February 2009

Balance Sheet Recessions and Japan Redux

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Here are a few excerpts from an essay by Axel Leijonhufvud at VoxEU which was brought to my attention by xyphius from Japan. The essay in p...
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