Saturday, August 6, 2011

is this the start of the end of the US dominance?


“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 a result of
a voluntary abandonment
of further credit expansion,

or later
as a final total catastrophe
of the currency involved.”

Ludwig Von Mises,
Human Action,
Yale University Press, 1949






(thanks to jatin for sharing this and much more with me)

No comments: