A Serious Look At Life

It seems to me that the nature of the ultimate revolution with which we are now faced is precisely this: That we are in process of developing a whole series of techniques which will enable the controlling oligarchy who have always existed and presumably will always exist to get people to love their servitude. (Aldous Huxley)

Monthly Archives: October 2008

The Wisdom of Ludwig von Mises (1871-1973)

Leave a Comment Posted by on October 13, 2008

The Wisdom of Ludwig von Mises

Ludwig von Mises 1871 – 1973
The credit expansion boom is built on the sands of banknotes and deposits. It must 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 a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved”.
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