Wednesday, October 27, 2010

The Twofold Roots of the Great Depression: Inflationism and Intervention - Lionel Robbins - Mises Daily

The Twofold Roots of the Great Depression: Inflationism and Intervention - Lionel Robbins - Mises Daily: "If for some reason there is more money than usual available and business conditions look favorable, it is surely not difficult to see that investors and business men may be led to make mistakes — to launch out new undertakings that can only be carried on satisfactorily if these easy-money conditions are going to last."

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