On current economic issues…

A Facebook friend posted this quote:

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come about sooner as the result of a voluntary abandonment of further credit expansion, or later as a final catastrophe of the currency system involved.”
~Ludwig Von Mises (1881-1973)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.