If a ten pound note had shrunk over my lifetime in line with its purchasing power, I would need a magnifying glass to find it in my wallet.
Simon Rose, Save our Savers
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There is no means of avoiding a 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
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