The View From The Bridge

Reflections on 2012 – December 19th 2012

As ever the “View” cannot see into the future with any clarity, so here are some quotes gleaned during 2012; some contemporary, some timeless. Enjoy your Christmas festivities and may 2013 bring everything you wish for.  Firstly two messages for our central bankers “There is no means of avoiding a 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 and “Our analysis leads us to believe that recovery is sound only if…

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