Written 60 years ago

From Human Action, Vol II p. 448
Governement interference with the present state of banking affairs could be justified if its aim were to liquidate the unsatisfactory conditions by preventing or at least seiously restricting any further credit expansion. In fact, the chief objective of present-day governmment is to intensify further credit expansion.

Now tell about timelessness….

Has anything changed? Well does not look like it aren’t Geitner etc getting mad about “non flowing credits” guess why…. They do not wan’t to be bothered with money which does not deevaluate every year. They want mor and easier credit, surely not last for themselves. They want to destroy every other economic beeing an establish themselves as “allmighty”. Well the market will show how helpless they really will be.

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