#FED #ECB #BOJ #money #credit #hyperinfaltion #currency #QE #deflation #collapse #hardassets #commodities
Today we will look at what Ludwig von Mises called the Crack-Up Boom or hyperinflationary collapse.
Mises said that once the monetary authorities embark on a credit expansion the only way to get out of it is to stop it but that if they don't it will be eventually stopped by a Crack-Up Boom or hyperinflationary collapse of the currency.
Looking at the Fed's and other major Central Banks' balance sheet and how commodities are acting is pointing, in our opinion, to a Crack-Up Boom.
Human Action by Ludwig von Mises - free pdf and audio: https://mises.org/library/human-action-0
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