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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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Tag Archives: Austrian economics
The Bank of England must share the blame for the cost of living
Many central banks now have “inflation targets” that they are required to meet, and such targets are set by the government. For the Bank of England, this target is 2%, and is based on the Consumer Price Index (CPI). Some … Continue reading
Posted in Uncategorized
Tagged Austrian economics, Bank of England, central banks, economics, Federal Reserve, inflation, Keynesianism, monetarism
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Quote of the Day
The central banking branch of the state remains hostage to Wall Street speculators who threaten a hissy fit sell-off unless they are juiced again and again. Monetary policy has thus become an engine of reverse Robin Hood redistribution; it flails … Continue reading
Posted in Uncategorized
Tagged 1 percent, Austrian economics, david stockman, economics, Keynesianism, wall street
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Should we end the Fed?
Posted in Uncategorized
Tagged Austrian economics, economics, End the fed, Federal Reserve
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Pot meets kettle
Something went very wrong with the UK banking industry and we need to put it right. If only Mervyn King would apply his comments to the organisation he leads… the organisation responsible for boom and bust via the manipulation of … Continue reading
Posted in Uncategorized
Tagged Austrian economics, central banks, hypocrisy, interest rates, Mervyn King, QE
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