the disaster can be subsumed under one small sentence. The problems are there because of the monopolies of states. In this case the monopoly of currencies. The FED , ECB etc, do just get their position because the state sanctioned it. It's very easy. Just the Dollar or Euro are the lawfu payment...
Posted to
F Dominicus Blog
by
Friedrich Dominicus
on
Thu, May 31 2012
Filed under:
Filed under: central banks, bribe money, wothless money?, unsustainability, dictatorship, unjustice, broken, devaluating money, against the markets, big government, unsound money, end central banks, money monopoly, alternatives, unlawful
According to von Mises the Bust is the cure and the Boom the desease. So the way out is chrystal clear. As long as we try to prolong the boom the harder and harsher the Bust. Now we have to pinpoint the problems in some logic congruent way. So we know that the states ever have expanded their activities...