Thursday, October 6, 2016

Exactly


Hussman quotes Mises:
"The fact that each crisis, with its unpleasant consequences, is followed once more by a new ‘boom,’ which must eventually expend itself as another crisis, is due only to the circumstances that the ideology which dominates all influential groups - political economists, politicians, statesmen, the press and the business world - not only sanctions, but also demands, the expansion of circulation credit."

"... not only sanctions, but also demands, the expansion of circulation credit"

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