- April 26, 2014
The Cost of Code Red
(It is especially important to read the opening quotes this week. They set up the theme in the proper context.)
“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
“No very deep knowledge of economics is usually needed...
Read more