As we look at the continued expansive issuance of
governmental debt (at all levels and in all places) one must ponder what the
end game will eventually look like…
"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
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