"Excessive
preoccupation with finance and tolerance of debt are apparently typical
of great economic powers in their late stages. They foreshadow economic
decline."
- From Kevin Phillips in Boiling Point: Republicans, Democrats, and the Decline of Middle-class Prosperity (1993), quoted by Giovanni Arrighi.
Tuesday, January 18, 2022
"preoccupation" with finance, "tolerance" of debt
Subscribe to:
Post Comments (Atom)
-
Went to Harbor Freight the other day. When I left, there was so much traffic I had to fight my way out of the parking lot -- at one p.m. on ... -
Ten days ago I was writing this for the blog: Economic Policy: A Plan for Democrats Dems should support debt forgiveness for consumers, wit... -
Mark Thoma links to the Kansas City Fed's Nominal Wage Rigidities and the Future Path of Wage Growth by José Mustre-del-Río and Emily ... -
I'm not a fan of "diagrams" in economics, but sometimes... This is a screen capture of slide 36 from a SlideShare presentatio... -
As I write this it is mid-October in an even-numbered year. Elections are weeks away. Yesterday, I saw Republican candidates heavily adver...
No comments:
Post a Comment