“There is no means of avoiding the final collapse of a boom brought about by credit expansion.” Von Mises
“These unpopular measures reflect the seriousness of the US economic crisis and the decay and decline of the entire capitalist system” People’s Daily, August 1971
“The official measures of inflation use gimmicks to distort the staggering drop in the purchasing power by claiming the quality of stuff has increased by extraordinary leaps and bounds.” Charles Hugh Smith, Musings
“We are now living in the last stages of a price revolution that has been building since the turn of the century. The destabilizing price surges and declines and the diminished expectations the United States has suffered in recent years – and famines and wars of other areas in the globe – are typical of the crest of a price revolution. Uncertainty about the future is an inexorable fact of our conditions.” David Hacket Fisher, Historian