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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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Monthly Archives: August 2013
Forward guidance
One of the notably sinister traits of a central bank is the act of collaboration (read, collusion) between countries: they can’t exist for long without it. It is therefore not surprising that when Ben Bernanke issued a statement linking future monetary policy … Continue reading
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Tagged Austrian school, Bank of England, central banks, economics, fed, inflation
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The subtle Cantillon effects of inflation
The biggest problem with increases in the money supply is not that it causes a rises in prices – that monetary inflation can cause price inflation – for this is what we would expect to happen in most cases. Rather, … Continue reading
Posted in Uncategorized
Tagged Austrian school, Bank of England, cantillon, central banks, economics, fed, inflation, QE
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Abolish the Bank of England 