The Bonds of August
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‘There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of volun…
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‘There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of volun…
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Thanks Bush Jr for kicking off the meteoric rate of increase in our debt, with a tip of the hat to Cheney and others who perpetuated the WMD scam. And of course, to Obama for taking the ball, and running with it.
I'm confused, Joel quoted me in his Note from the end of the world, and now, for the first time, I can't post because it says I'm not a member. Makes no sense.