WarrenJ Posted December 14, 2009 Report Share Posted December 14, 2009 This is kind of an old one, but it danced its way into my mailbox this afternoon on a repeat. Giving up a piece of the pie so that someone else can have more is called socialism. The American tradition is simply to make the pie larger. Margaret Thatcher reminded us that socialism stops working when you run out of other people's money, as OBAMA! is about to find out. Unfortunately however, our entire nation will suffer that lesson along with him. 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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