Posts Tagged ‘Mises’

Quote note (#141)

Just to keep Kgaard maximally wound-up (and therefore indirectly troll everybody else on the blog), Jim Quinn navigating amid a flurry of Mises quotes:

Booms brought about by credit expansion ALWAYS end in a contractionary bust. It’s just a matter of when. The level of mal-investment in Japan, Europe, China and the U.S. during the boom created by central bankers is almost incomprehensible in its scale of absurdity. The only beneficiaries have been bankers, corporate insiders, politicians, and shadowy billionaires hiding in plain sight. The illusory boom has already impoverished the working class and the coming bust will invoke civil unrest, social chaos and war.

(I’m in Singapore until the 9th, so erratic online activity until then.)

January 7, 2015admin 30 Comments »
FILED UNDER :Pass the popcorn

Quote note (#131)

Mises in prophetic mode:

The course of events in the past thirty years shows a continuous, although sometimes interrupted progress toward the establishment in this country of socialism of the British and German pattern. The United States embarked later than these two other countries upon this decline and is today still farther away from its end. But if the trend of this policy will not change, the final result will only in accidental and negligible points differ from what happened in the England of Attlee and in the Germany of Hitler. The middle-of-the-road policy is not an economic system that can last. It is a method for the realization of socialism by installments.

If the test of prophecy is that it ages well, this one is doing fine.

November 17, 2014admin 6 Comments »
FILED UNDER :Political economy
TAGGED WITH : , , , ,

Mises or Jesus?

There’s been a lot of this kind of thing around recently. It’s mainly been arriving in a link storm from Wagner Clemente Soto, who’s too unambiguously Throne-and-Altar in orientation to identify as NRx or 333, so it’s probably an exercise in internal discipline taking place in another camp. Still, it’s difficult not to ask: Could this be the next fission pile building up?

Here‘s a link to Jörg Guido Hülsman’s (excellent) Mises: The Last Knight of Liberalism, which seems to have provided the background citations for the recent round of attacks. (This agitation always takes me back to Der Zauberberg.)

ADDED: Or is it “Moses to Mises”?

ADDED: NBS provides a useful ‘Capitalism Week’ round-up.

ADDED: A (loosely) connected argument from Brett Stevens.

July 2, 2014admin 53 Comments »
FILED UNDER :Pass the popcorn