"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
Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts
Ludwig Von Mises: "There is no means..."
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Collapse,
Credit,
Currency,
Economics,
Ludwig Von Mises
Derrick Jensen: "If monetary value is..."
“If monetary value is attached to something it will be exploited until it’s gone. That’s what happens when you convert living beings to cash. That conversion, from living forests to lumber, schools of cod to fish sticks, and onward to numbers on a ledger, is the central process of our economic system.”
—Derrick Jensen
—Derrick Jensen
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Derrick Jensen,
Economics,
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