by LSP on Sep.27, 2009, under Economy, History, Mankind
“A weak currency arises from a weak economy which in turn is the result of a weak Government.” Gordon Brown, during the Pounds devaluation after it was withdrawn from the ERM (before he made it to power by default)
“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
Buddha’s second noble truth: The cause of suffering is desire.