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Wow. OK so class just ended and I had a pretty heated debate tonight. This was the first class of the new semester and I'm taking a graduate course in Risk & Insurance Management with some Russian professor. So he's talking about financial...
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I've been getting several questions about Marxism and what it actually entails so I decided to gather up some sources concerning the subject and put them together for anyone else who may have the desire to know more. I will break them up into two...
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You missed the most likely scenario: That is the Japanization of the USA where the central bank inflates at a rate slightly higher than the deflation rate which amounts to a huge redistribution of realy wealth from savers and successful producers to debtors...
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I'm actually researching the topic for school, so I am gaining more knowledge on this. Still working on some of the information though. In short, the basic "panics" were 1819, 1837, 1857, 1873, 1893, 1907. (If we are to end at the creation...