Jesse's Café Américain

“Modern tyranny is terror management. When the terrorist attack comes, remember that authoritarians exploit such events in order to consolidate power. The sudden disaster that requires the end of checks and balances, the dissolution of opposition parties, the suspension of freedom of expression, the right to a fair trial, and so on, is the oldest trick in the Hitlerian book. Do not fall for it.”
Timothy Snyder, On Tyranny

Showing posts with label marginal GDP. Show all posts
Showing posts with label marginal GDP. Show all posts
20 March 2010

Debt Saturation in the US Dollar Economy

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The debt must be liquidated and income in the form of real wages must increase to bring this relationship back into balance. This is going t...
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