"There is no means of avoiding a 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
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The Irrational Free Markets that Are Never Wrong / New Practical Laws to Global Economics

Author: Mac Slavo
- June 30th, 2009
                            Comments (1)

This is a two part essay.

There is a raging war of words where there is a clash based upon the assumption that a belief in “Free Markets” means the private sector should be left alone and that the markets will make their own corrections, while the opponents do not want to hear this for it implies that there should be less government power.

*The Irrational Free Markets that Are Never Wrong 7/09

Author: Mac Slavo
Date: June 30th, 2009
Visit the Author's Website: http://www.SHTFplan.com/

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One Response to “The Irrational Free Markets that Are Never Wrong / New Practical Laws to Global Economics”

  1. A New Way to Value Gold
    October 6th, 2009 at 4:26 pm

    [...] The Irrational Free Markets that Are Never Wrong (See part called “The New Practical “Laws” of Global Economics for an excellent overview about why capital flees) [...]

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