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 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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