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Originally Posted by Farleigh Dickenson
I think he believes worse than that. With the trade deficit what it is and with virtually no accountability in the federal govt economically, he thinks were on a possibly irreversible path of economic collapse.
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Economic collapse? Where have I heard that before?
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"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
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