Sunday, November 7, 2010

A few months old, but an interesting article..

Uk housing crash, it's a marathon not a sprint

"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 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

Posted by happy mondays @ 12:40 PM (1057 views)
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One thought on “A few months old, but an interesting article..

  • Who wrote the article? There are quite a number of typos and omissions. Clearly they couldn’t be bothered to proof-read the article.

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