“"Whether one likes it or not, it is a fact that the main issues of present-day politics are purely economic and cannot be understood without a grasp of economic theory. Only a man conversant with the main problems of economics is in a position to form an independent opinion on the problems involved. All the others are merely repeating what they have picked up by the way. They are an easy prey to demagogic swindlers and idiotic quacks. Their gullibility is the most serious menace to the preservation of democracy and to Western civilization.”
- Ludwig Von Mises, Bureaucracy
‘Midst expectations of a “double-dip” recession and in the light of the above, you might be wondering “Did the (U.S) Recession Ever Really Go Away?”
And you might appreciate “ A Primer on the Never-Ending Bust.”
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