"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 a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.", Ludwig Von Mises
An excellent illustration of how we all take science and technology for granted and how the free market has brought the cost of such products down to practically nothing as a percentage of income here in the West.
Asthe man says, the other half want a washing m/c (etc), and why not? Perhaps the greenies will start by showing us how to live without life-enhancing amenities?
Asthe man says, the other half want a washing m/c (etc), and why not? Perhaps the greenies will start by showing us how to live without life-enhancing amenities?
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