Well it's not new for any Mises fan: http://mises.org/daily/6415/Come-Back-to-Gold He's proved right every decade, every year, every month. The statism of states and the money monopoley of central banks is the foundation of more evils than nearly states.... Well you know and I know during money...
Well it can not surprise an Austrian but it may be the "unthinkable" for the current main stream voodo economists. Just some things about Europe: http://www.zerohedge.com/news/2013-01-09/20-facts-about-collapse-europe-everyone-should-know It surely shows how the credit expansion break down...
F Dominicus Blog
Thu, Jan 10 2013
Filed under: Filed under: war, Debts, civil war, defraud, deledefs, von Mises, destruction, financial tsnuami, businessss cycle, dependence
Dear readers it seems I have to suggest some literature for you. Check out the following books: "Bailout nation", "Credit Card Nation" and "Human Action". In 1998 there was a nation-wide negative saving rate at work. And you know that was also the time of the Internet bubble...