Jesse's Café Américain

"It is crudely general to suggest collective responsibility for the German populace. It is, however, fair to suggest that those who continued to defend the idea of Germanhood publicly as the war went on—when this had become synonymous with barbarity—were in fact renouncing their humanity for the sake of individual survival and peace of mind."
Panayiotis Demopoulos, Götterdämmerung: Suicide Music

Showing posts with label geometric expansion. Show all posts
Showing posts with label geometric expansion. Show all posts
25 June 2009

Jesse's Question for the Day

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The expansion of credit in a fractional reserve banking system seems to be geometric. The spending in the wage - price function, as captured...
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