What our economy needs is Solon and the Great Debt Forgiveness. What our world is getting is Caesar and the Grand Political Reorganization. Rather than turning from financialization we turn toward it.
"The commonwealth was not yet lost in Tiberius's days, but it was already doomed and Rome knew it. The fundamental trouble could not be cured. In Italy, labor could not support life..." - Vladimir Simkhovitch, "Rome's Fall Reconsidered"
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I'm not a fan of "diagrams" in economics, but sometimes... This is a screen capture of slide 36 from a SlideShare presentatio...
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JW Mason : "... in retrospect it is clear that we should have been talking about big new public spending programs to boost demand.&quo...
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