Nov 142009
- Image via Wikipedia
“There is no means of avoiding the final collapse of a boom brought about by credit 
(debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved.” Ludwig von Mises
“The boom produces impoverishment. But still more disastrous are its moral ravages. It makes people despondent and dispirited. The more optimistic they were under the illusory prosperity of the boom, the greater is their despair and their feeling of frustration.” Ludwig von Mises
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=593bdad8-09d5-4500-a5ea-41c089007b82)
The Debt Ceiling Charade
Dollar Collapse
Another Dollar Warning
Appraising the Budget Cuts
Recent Comments