Jesse's Café Américain

"what should you do to avoid being an idiot or a swine? Merely this: You should do something great, you should lay aside all the foolishness of a more of less long existence, you should become resigned to the fact that you will seem ridiculous to a race of janitors and bureaucrats if you are to enter the service of Splendor. Then you will know what it means to be the friend of God. The friend of God!"

Léon Bloy

Showing posts with label economic imbalances. Show all posts
Showing posts with label economic imbalances. Show all posts
11 May 2010

Here Is Why the Fed Cannot Simply Continue to Inflate Its Way Out of Every Financial Crisis That It Creates

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The return on each new dollar of US debt is plummeting to new lows according to figures from the Federal Reserve. The chart below is from th...
27 January 2010

A Tale of Two Economies and The Myth of Recovery: Thoughts Before the State of the Union Address

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Economist Michel Hudson frames the current situation with the US national economy in his most recent essay, The Myth of Recovery, in a way ...
06 January 2010

There Are Now More Government Employees than Goods-Producing Workers in the US

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For the first time there are decidedly more government employees than goods-producing (manufacturing) employees in the US according to the D...
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