The Inexorable Path Of The Crack-Up Boom

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 the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

 

 

 

 

 

https://mises.org/wire/how-todays-central-bankers-threaten-civilization