http://en.wikipedia.org/wiki/Austria...s_Cycle_Theory
Quote:
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Ludwig von Mises and Friedrich Hayek predicted the Great Depression.[23][24] Hayek made his prediction of a coming business crisis in February 1929. He warned that a financial crisis was an unavoidable consequence of reckless monetary expansion.[25]
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http://www.strike-the-root.com/51/smith/smith4.html
(Scroll down to "In Congress, March 1997...")
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Life starts every day anew. Prospects not so good...
Last edited by Japo; 15-12-2008 at 06:23 PM.
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