Ludwig von Mises – “The final collapse 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.”<\/p>\n
Notice… NO MEANS ! ( He didn’t mention reverting to a Gold Standard)<\/p>\n
So pic your poison…keep the party going with zero and negative rates or Introduce the Gold Standard and “voluntarily abandon credit expansion.”<\/p>\n
I am pretty sure even Trump is not dumb enough to take away the punch bowl and be credited with causing a nuclear financial meltdown.<\/p>\n
IMHO this ends this discussion<\/p>\n
Back to the Charts<\/p>\n","protected":false},"excerpt":{"rendered":"
Ludwig von Mises – “The final collapse 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 … Continue reading