“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
http://www.zerohedge.com/news/2015-08-23/theyre-gonna-need-bigger-balance-sheet
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment