Sign in with Facebook
so long as the inflation rate is above the interest rate (in which case, the so-called ‘real’ interest rate is negative).
“It can of course be suggested that it takes little courage for two strong eighteen-year old hoodlums, let us say, to beat in the brains of a candy-store keeper, and indeed the act—even by the logic of the psychopath—is not likely to prove very therapeutic for the victim is not an immediate equal. Still, courage of a sort is necessary, for one murders not only a weak fifty-year old man but an institution as well, one violates private property, one enters into a new relation with the police and introduces a dangerous element into one’s life. The hoodlum is therefore daring the unknown, and so no matter how brutal the act it is not altogether cowardly.”
― The Free World: Art and Thought in the Cold War
― The Free World: Art and Thought in the Cold War
“Judgement does not come suddenly; the proceedings gradually merge into the judgement.”
― The Trial
― The Trial
“What Beatrice was to Dante, Guinevere to Lancelot, business has been for millions of English-speakers. They have wooed her as assiduously as Paris wooed Helen.”
― God and Gold: Britain, America, and the Making of the Modern World
― God and Gold: Britain, America, and the Making of the Modern World
“The American Idea extends worldwide—not only because ours are universal, humanitarian values, but also because of a global system, an architecture, that derives from these same values of democracy, rights, and freedom, an architecture established by Americans and by other democracies.”
― The Decisive Decade: American Grand Strategy for Triumph Over China
― The Decisive Decade: American Grand Strategy for Triumph Over China
“The Case of the Swiss Franc. If a giant money supply was the cause of rising prices, you’d think Switzerland would be overwhelmed by hyperinflation. With a population of just less than nine million, that country has eight times more base money per capita than Canada, whose population is nearly four times the size at thirty-eight million. Instead, the Swiss franc has been one of the world’s most reliable currencies over the past hundred years, with less inflation than the US dollar, British pound, euro, or the preceding German mark. As a result of this track record, many people outside Switzerland are eager to hold assets denominated in Swiss francs. In other words, demand for the Swiss franc is high. To meet this expanding demand, and keep the currency from rising uncomfortably, the Swiss central bank has had to increase supply aggressively.”
― Inflation: What It Is, Why It's Bad, and How to Fix It
― Inflation: What It Is, Why It's Bad, and How to Fix It
James M. Schneider’s 2024 Year in Books
Take a look at James M. Schneider’s Year in Books, including some fun facts about their reading.
James M. Schneider hasn't connected with their friends on Goodreads, yet.
Polls voted on by James M. Schneider
Lists liked by James M. Schneider
