“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 voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” - Ludwig von Mises
When the market collapses, and it will, its social repercussions will also be intolerable.
Please Login to reply.
No replies yet.