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  • in reply to: How the 'Hedge' Has Shifted on QE #4974

    The article brings to mind this quote:

    “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, Human Action
    (pg 572)

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