Will Durant: "From barbarism to civilization requires a century; from civilization to barbarism needs but a day."
https://www.tftc.io/monetary-inflation-history-rome-modern-lessons/
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I've been hearing the phrase "late capitalism" for so long that I'm forced to conclude that the very concept of late cap...
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It is surely true that the price level cannot rise without a corresponding increase in the quantity of money or velocity or use of credit. ...
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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... -
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 ... -
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 ...
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Remember this guy? https://www.youtube.com/watch?v=Bnd0eSuxu84
I don't really like his "maybe the oligarchs will save us" solution, but the assessment of the problem seems right. Maybe he just knew that he wouldn't be allowed to work on it, in that administration.
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