"Ludwig von Mises was snubbed by economists world-wide as he warned of a credit crisis in the 1920s. We ignore the great Austrian at our peril today."
Human Action Comics Issues 1-6
Awesome article. Thanks.
Cool article. Now we wonder does anyone listen to Mark Spitznagel?
A cult is a religion with no political power. - Tom Wolfe
Life without music would be an error. - Nietzsche
We cannot defend freedom abroad by deserting it at home. - Edward R. Morrow
What's key is that a lot of important people read the Wall Street Journal.
Lots of people read wikipedia
Wikipedia: Austrian School In a November 7, 2009 Wall Street Journal Op-Ed piece, Spitznagel extolled the views of Austrian economist Ludwig von Mises against government-induced inflationary credit expansion, and criticized those of John Maynard Keynes (and Greenspan et al.). “Government expansion of credit [Spitznagel’s term is ‘credit gavage’] takes a system otherwise capable of adjustment and resilience and transforms it into…a brittle one.”[17]
In a November 7, 2009 Wall Street Journal Op-Ed piece, Spitznagel extolled the views of Austrian economist Ludwig von Mises against government-induced inflationary credit expansion, and criticized those of John Maynard Keynes (and Greenspan et al.). “Government expansion of credit [Spitznagel’s term is ‘credit gavage’] takes a system otherwise capable of adjustment and resilience and transforms it into…a brittle one.”[17]
Hmm, I wonder if that was one of us?
The difference between libertarianism and socialism is that libertarians will tolerate the existence of a socialist community, but socialists can't tolerate a libertarian community.
Thedesolateone: Lots of people read wikipedia Wikipedia: Austrian School In a November 7, 2009 Wall Street Journal Op-Ed piece, Spitznagel extolled the views of Austrian economist Ludwig von Mises against government-induced inflationary credit expansion, and criticized those of John Maynard Keynes (and Greenspan et al.). “Government expansion of credit [Spitznagel’s term is ‘credit gavage’] takes a system otherwise capable of adjustment and resilience and transforms it into…a brittle one.”[17] Hmm, I wonder if that was one of us?
People and their crazy wikipedias.
'It is difficult to imagine any normal person wishing to meet Marx for a third time.' - Alexander Gray, The Socialist Tradition
It's funny. I work with an economics student. I gave her a copy of liberalism about a year ago. I saw her reading it the day the article hit. She dismissed him as a nut. Looks she never actually read the book.
"...The post-totalitarian system contrives to force life into its most probable states...This system serves people only to the extent necessary to ensure that people will serve it
Vaclav Havel
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