REUZ on Nostr: "There is no means of avoiding the final collapse of a boom brought about by credit ...
"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
Published at
2023-09-21 21:13:24Event JSON
{
"id": "f798042c4bcc4b016b0077bb9fdb065118c97047dda1debe805c7b6330167110",
"pubkey": "27a20b41a66b35d442302a50ca1baad72c2ed844c8d1224c9f6d50a12752084e",
"created_at": 1695323604,
"kind": 1,
"tags": [],
"content": "\"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",
"sig": "f00bc3f55cde9fa184395ea5bcf1b6018d5fa2b7c647b4b86cbbe9e22127fdf688cae2bcd71ad0071e402a2576f8e5606f2f20917f656ce1e6437008e9418181"
}
