5642
quote-of-the-day
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 a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency involved.

Ludwig von Mises, Human Action, Chapter 20.

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642
quote-of-the-day

I think I’ve seen him on the telly. He does not look very trustworthy. He looks like a bad Paul McCartney impersonator.

– Newcastle shop manager Ailsa Dixon gives the Daily Mail her verdict on Nick Clegg, the new Lib Dem leader.

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