Quote of the Day: Ludwig von Mises
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"No emergency can justify a return to inflation. Inflation can provide neither the weapons a nation needs to defend its independence nor the capital goods required for any project. It does not cure unsatisfactory conditions. It merely helps the rulers whose policies brought about the catastrophe to exculpate themselves."
-Ludwig von Mises
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hat tip: THE CUNNING REALIST
Thursday, January 31, 2008 | 03:00 PM | Permalink
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Brilliantly said.
Posted by: Jonathan | Jan 31, 2008 3:06:17 PM
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