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 a result of the voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved
Defending markets is not about defending greed or selfishness. It is about defending the greatest engine of peaceful cooperation humanity has ever known.
In a market economy, one accumulates wealth by enriching others through the exchange of goods and services, otherwise known as trade. As long as this act is voluntary, it is driven by self-interest...all trade is mutually beneficial.
