Jesse's Café Américain

Every empire in its official discourse has said it is not like the others, that its circumstances are special, that it has a mission to enlighten, civilize, bring order and democracy, and that it uses force only as a last resort. And, sadder still, there always is a chorus of willing intellectuals to say calming words about benign or altruistic empires, as if one shouldn't one's eyes watching the destruction and the misery and death brought by the latest 'mission civilisatrice.' Edward W. Said

Showing posts with label monetarism. Show all posts
Showing posts with label monetarism. Show all posts
14 May 2013

Greenspan: Role Of Central Bankers Is to Try to Replicate the Stability of the Gold Standard

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Greenspan said on any number of occasions that his model was that a 'fiat currency' works when it emulates the rigor of the gold...
06 March 2013

Fiat Monetary Theory: The Gamblers

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'The Gamblers' "The historical behavior of interest rates and growth rates in U.S. data suggests that the government ...
13 May 2010

Why There is Fear and Resentment of Gold's Ability to Reveal the True Value of Financial Assets

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There were a few questions raised about the note on the long term chart of the SP 500 deflated by gold which was posted last night, and whi...
07 November 2009

Krugman Declares "Mission Accomplished," Maginot Line Completed

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The triumph of financial engineering based on an analysis of the past. Conscience of a Liberal The story so far, in one picture By Paul Krug...
09 June 2009

Price, Demand, and Money Supply as They Relate to Inflation and Deflation

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There are three basic inputs to the market price of something: 1. Level of Aggregate Supply 2. Level of Aggregate Demand 3. Relative Value (...
15 May 2009

The Decline of Monetarism: Our Next Financial Crisis

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"Throughout the world financial interests have taken control of government and used neoliberal policies to promote their own gain-seeki...
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