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Notable Quote

"The crisis did not hit us despite the presence of our monetary and financial authorities. It hit us because of them."

— Hülsmann, Jörg Guido event 2008

From Deflation and Liberty (p. 7)

Context: On the 2008 financial crisis — rejecting the mainstream narrative that regulators and central banks failed to prevent it

Topics

currency_exchange Monetary Theory monetization_on Sound Money local_fire_department Inflation gavel Government Intervention menu_book Austrian Economics