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Into the Abyss: The Cycle of Debt Deflation
One of the most famous quotations of Austrian economist Ludwig von Mises is 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 sooner as the result of a voluntary abandonment of further credit...
Posted to
Hera
by
Ron Hera
on Wed, Jun 2 2010
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Filed under:
US dollar
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deflation
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debt
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inflation
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GDP
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M3
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Hyperinflation
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Ponzi scheme
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unemployment
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mortgage delinquencies and foreclosures
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U-6
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