Jesse's Café Américain

“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. For the traitor appears not a traitor; he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.” Marcus Tullius Cicero

Showing posts with label death of the liberal class. Show all posts
Showing posts with label death of the liberal class. Show all posts
13 June 2018

Thomas Frank on the Democratic Party, Their Credibility Trap, and the Beleaguered Middle Class

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“In its quest for prosperity, the Party of the People declared itself wholeheartedly in favor of a social theory that forthrightly exalte...
16 April 2016

Caught in the Aftermath of a Minsky Moment by a Credibility Trap

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"I think this is where the academics are kind of clashing with the practitioners. I think on paper negative rates make a lot of sen...
16 April 2013

What Does the Recent Fall in the Price of Gold 'Prove?'

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"And this means that it is deeply, deeply wrong to think of rising gold prices when bond yields are low as some kind of symptom of...
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