You cannot keep an old dog down

A post in the Yahoo Financial Stability Group this morning

You may be amused by the following quote from a well-known 19th century economist……

Moderator

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“Owners of capital will stimulate working class to buy more and more
of expensive goods, houses and technology, pushing them to take more
and more expensive credits, until their debt becomes unbearable.
The unpaid debt will lead to bankruptcy of banks, which will have to be
nationalized, and State will have to take the road which will
eventually lead to communism.”

Karl Marx, “Das Kapital” 1867