Famed Austrian economist Ludwig von Mises wrote in his seminal work, Human Action (originally published by the Yale University Press in 1949), that “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...
Posted to
Hera
by
Ron Hera
on
Tue, Oct 23 2012
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Filed under: unemployment, liquidity, consumers, Ludwig von Mises, gross notional amount, High-Frequency Trading, stock market crash, recession, collapse, zero percent interest rate policy, Australia, GAAP, forclosure fraud, debt downgrade, SDRs, OMT, European Monetary Union, debt levels, money laundering, monetary policy, BDI, HFT, credit default swaps, bank failure, FASB, state sponsored terrorism, sovereign default, Baltic Dry Index, securities fraud, mortgage fraud, LIBOR, crude oil, Austrian economics, ECB, European Central Bank, International Monetary Fund, U.S. dollar, RMB, debt monetization, Brazil, Ben Bernanke, OTC derivatives, CDS, OPEC, IMF, Gold, BRIC, inflation, Federal reserve, UAE, Los Zetas, outright monetary transactions, Organization of the Petroleum Exporting Countries, Portugal, financial markets, depression, Europe, South Africa, Iran, International Swaps and Derivatives Association, Automated Trading Systems, over the counter, Financial Accounting Standards Board, India and China, ATS, Spain, sovereign debt crisis, Human Action, ISDA, Japan, ZIRP, renminbi, Africa. Sistema de Pagamentos em Moeda Local, mark-to-market rule, SML. Special Drawing Rights, EMU, systemic collapse, Generally Accepted Accounting Principles, hyperinflation. gross credit exposure, London Interbank Offered Rate, South America, quantitative easing III, QE3, Russia, United Arab Emirates, Italy. unfunded liabilities, Greece, deficit spending