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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: security
The Myth of Democracy
This week, the US congress voted on an amendment to stop the NSA’s PRISM program which has been making headlines for the past few weeks. Unfortunately, the vote was defeated in the House of Representatives by 217-205, and so the NSA … Continue reading
Posted in Uncategorized
Tagged Benjamin Franklin, crony capitalism, democracy, liberty, NSA, PRISM, security
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