Tuesday 2 May 2023

'The Most Important Factor in The Economy Is Flashing A Huge Warning Sign'

Source: TheChartStore.Com, and the post: 
"The wavelike movement effecting the economic system, the recurrence of periods of boom which are followed by periods of depression is the unavoidable outcome of the attempts, repeated again and again, to lower the gross market rate of interest by means of credit expansion.”
~ Ludwig von Mises, from his chapter titled 'The Monetary or Circulation Credit Theory of the Trade Cycle,' quoted in the post 'The Most Important Factor in The Economy Is Flashing A Huge Warning Sign'

Source: Board of Governors St Louis Fed, and the post: 

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