From reason.com
()
Hedge-funder Mark Spitznagel in the Wall Street Journal
huzzahs Ludwig von Mises' nearly century-old Theory of
Money and Credit for laying out the basics about why we are
in such an econ-jam these days, and pointing toward a path alas
not-taken toward a solution. An excerpt:
when the government holds rates artificially low in order to
feed ever higher capital investment in otherwise unsound,
unsustainable...
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