WarrenJ Posted June 22, 2009 Author Report Share Posted June 22, 2009 Warren, Your reference to "GROK" is right on the money. The politicians just DON'T. BTW...Love Heinlien. Yeah . . . Heinlien . . . Just good. 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 Link to comment Share on other sites More sharing options...
WarrenJ Posted June 23, 2009 Author Report Share Posted June 23, 2009 Warren, Your reference to "GROK" is right on the money. The politicians just DON'T. BTW...Love Heinlien. Yeah . . . Heinlien . . . Just good. Just to punch my feathers a bit, I should mention I met with Asimov, as did my Mom and Dad sometime later. Whatta guy!! Regards, Warren 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 Link to comment Share on other sites More sharing options...
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