Jesse's Café Américain

“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead

Showing posts with label stagnation. Show all posts
Showing posts with label stagnation. Show all posts
13 May 2015

A More Ominous Note May Be Heard in the Global Bond Rout

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I was only tangentially aware that there was anything that could be called a 'global bond rout' since I do not follow the bond...

Stiglitz: Why Western Capitalism Has Been Failing Since 1980

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As I had written some time ago in the The Fall of the American Republic: The Quiet Coup : ...
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