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

Economics is the study of how human beings cooperate peacefully to improve their conditions.

Markets Transform Conflict into Cooperation

Defending markets is not about defending greed or selfishness. It is about defending the greatest engine of peaceful cooperation humanity has ever known.