I have a quote for all of you thinking everything is now great and we have nowhere to go but up.
“You cannot solve problems with the same level of consciousness that created them.”
-Albert Einstein
So we are going to solve too much credit expansion and easy money with even more credit expansion and easy money. We are making this problem even worse down the road. We may be able to put this off for a little longer but it will only make it much worse. Final quote.
“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 a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
-Ludwig von Mises
