Life after the credit depression (or LACD, as we now call it) is going to be very challenging. It’s a subject that deserves a lot more thought. So we promise more to come. But our main point today is that the institutional keystone of the modern state is, well, crumbling. Why? Go back to 1694 when the British were in perpetual war with the French while trying to build a commercial empire AND kick of an Industrial Revolution…
January 9th, 2009 | Dan Denning | 1 comment | Continued
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