Tag: capital
-
All Cashed Up with Nowhere to Go: What Caused the Depression(s), and What to Do About It
I’ve been meaning to post about this great two–part article by James Livingston (H/T to Mark Thoma), on the causes of the Great Depression and the current…whatever it is. Livingston’s explanation for both cases (in my words): There were oceans of money with not enough productive uses available (like, investments in physical plants and wages–things…
-
Teddy Roosevelt on “the true conservative”
From his “New Nationalism” speech. 1910. The true friend of property, the true conservative, is he who insists that property shall be the servant and not the master of the commonwealth; who insists that the creature of man’s making shall be the servant and not the master of the man who made it. The citizens…