Jesse's Café Américain

"Senators disturb us by reminding us of the possibility of large numbers swarming from China; but the answer to all this is obvious and very simple. If the Chinese come here, they will come for citizenship or merely for labor. If they come for citizenship, then in this desire do they give a pledge of loyalty to our institutions; and where is the peril in such vows? They are peaceful and industrious; how can their citizenship be the occasion of solicitude?"
Senator Charles Sumner, 1870

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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