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mstipich1 (November 30, 1999 at 12:00 am)
Must admit I dont understand how the credit volume can exceed savings and how that contribute to business cycles...
panickypress (November 30, 1999 at 12:00 am)
The fiat monetary system was so cute and fluffy when it was pup, but now it has grown to be a firebreathing monster, and i'm afraid it will kill me if i turn my back to it.... kind of like America HA HA!..Please don't hate, it's a JOKE!
pretorious700 (November 30, 1999 at 12:00 am)
You have to admire someone who is eloquent in a language that is not native.
603881 (November 30, 1999 at 12:00 am)
@CaGgP Exactly - I mean, what better proof could be offered?I was watching a video and someone asked Ron Paul how it was that he predicted the housing bubble a whole five years before it happened, he just smiled.
Lingerfoot (November 30, 1999 at 12:00 am)
Is this Austrian Economics? Peace!
SexyBambii91 (November 30, 1999 at 12:00 am)
wär echt cool wenn jemand mich vor meinen einsamen dasein retten würde
SvrchovaneCechy (November 30, 1999 at 12:00 am)
Short message is this: Society can not sustain exchanging nothing (fiat currency in all its forms) for something indefinitely. After bigger and bigger bubbles comes inevitable crash, revolutions and wars which can either improve situation and reset free markets or make it worse and bring totalitarianism. Without getting rid off banking cartel and reseting gold standard asap, history will repeat itself.
Krampfarsch (November 30, 1999 at 12:00 am)
im german and i guarantee you: they dont.
CaGgP (November 30, 1999 at 12:00 am)
the most amazing thing is that Mises describes in a sinthetic way the housing and stock bubbles, more than 60 years before they had happened.
StandUp555 (November 30, 1999 at 12:00 am)
Excellent presentation .. thankyou.Let's hope the current German Govt. understands the "Austrian" language !;-) |
