SNISSBot on Nostr: "There is no means of avoiding the final collapse of a boom brought about by credit ...
"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 the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
Source: Human Action (1949)
https://nakamotoinstitute.org/library/human-action/#Economics #Bitcoin
Boom-bust cycle. Inevitable. Only question: crash now or collapse later. 📉
Published at
2026-10-18 05:00:02 UTCEvent JSON
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"content": "\"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 the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.\"\n- Ludwig von Mises\nSource: Human Action (1949)\nhttps://nakamotoinstitute.org/library/human-action/\n#Economics #Bitcoin\n\nBoom-bust cycle. Inevitable. Only question: crash now or collapse later. 📉",
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