No Amount of Stimulus Will Work... says Mish Shedlock (Cliff Küle M-AA*)... refers to recent comments by Economist Paul Krugman (Cliff Küle M-AA*) - http://krugman.blogs.nytimes.com/2009/07/05/what-didnt-the-vice-president-know/ - saying fiscal stimulus takes time..quotes Ludwig Von Mises on his view "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 expansion, or later as a final & total catastrophe of the currency system involved"... http://globaleconomicanalysis.blogspot.com/2009/07/no-amount-of-stimulus-will-work.html
Monday, July 6, 2009
No Amount of Stimulus Will Work... says Mish Shedlock (Cliff Küle M-AA*)... refers to recent comments by Economist Paul Krugman (Cliff Küle M-AA*) - http://krugman.blogs.nytimes.com/2009/07/05/what-didnt-the-vice-president-know/ - saying fiscal stimulus takes time..quotes Ludwig Von Mises on his view "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 expansion, or later as a final & total catastrophe of the currency system involved"... http://globaleconomicanalysis.blogspot.com/2009/07/no-amount-of-stimulus-will-work.html
Subscribe to:
Post Comments (Atom)






![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/tny_au_en_usoz_2.gif)


0 comments:
Post a Comment