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To: Dick Bachert

..............”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.”~~Ludwig Von Mises


16 posted on 03/17/2008 6:55:27 AM PDT by milwguy (........)
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To: milwguy; Travis McGee

Ironically, I spent yesterday morning reading the Von Mises articles...
The chart mentioned on the site didn’t show so I’m still a bit fuzzy on the details, but the essence of the story was illustrated very well = yesterday afternoon.


58 posted on 03/17/2008 8:11:26 AM PDT by investigateworld ( Abortion stops a beating heart.)
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