Jesse's Café Américain

"Unhappy people are better off living in the city. A person can live in the city for a hundred years and not even realize that they are already dead and rotting. They don't have time to realize this on their own; they are too busy."
Leo Tolstoy, The Kreutzer Sonata, 1889

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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