Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“Either 'taxation without consent is robbery,' or it is not. If it is not, then any number of men who choose may … call themselves a government; assume absolute authority over all weaker than themselves [and] plunder them at will…”     Lysander Spooner

December 12, 2008

Quote Of The Day

by Brad Warbiany

“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

After Great Depression I, a well-known economist was quoted* to say “We are all Keynesians now.”

Perhaps the refrain after Great Depression II will be “We are all Austrians now”?

Hat Tip: to herd or not to herd

* As that article points out, perhaps he was quoted out of context?

TrackBack URI: http://www.thelibertypapers.org/2008/12/12/quote-of-the-day-34/trackback/
Read more posts from
• • •

No Comments

No comments yet.

Comments RSS

Subscribe without commenting

Sorry, the comment form is closed at this time.

Powered by: WordPress • Template by: Eric • Banner #1, #3, #4 by Stephen Macklin • Banner #2 by Mark RaynerXML