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