Activity

In Buying Time, I treat the global financial and fiscal crisis of 2008 not as a freestanding individual event, but as a part of, and tentatively also a stage in, a historical sequence. I distinguish three phases: the inflation of the 1970s, the beginning of public indebtedness in the following de…

The standard economic theory of politics – which should not be confused with the political theory of the economy in the Marxian tradition

[...] He would mentally repeat this to himself over and over. Franklin Roosevelt was right, but it didn't help--knowing it was the fear that was the problem was just a fact; it didn't make the fear go away. In fact, he started to think that thinking of the speech's line so much just made him all th…

For there were, by this time, degrees and gradations of public sweating, from a light varnish all the way up to a shattering, uncontrollable, and totally visible and creepy sweat. The worst thing was that one degree could lead to the next if he worried about it too much, if he was too afraid that a…