Sunday, March 16, 2008

Mises' Memo to Bernanke




"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 sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

Ludwig von Mises

// posted by Charles N. Steele @ 11:39
Comments:
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http://www.theonion.com/content/amvo/the_feds_bank_bailout

Leona
# posted by Anonymous Anonymous : 17:39
 
Abolish the Fed! says Jim Rodgers.
# posted by Blogger Charles N. Steele : 19:16
 
http://www.hup.harvard.edu/catalog/MIHNAT.html?show=reviews

Was a nation of counterfeiters a "free-market monetary system"?

Leona
# posted by Anonymous Anonymous : 21:11
 
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