"The wavelike movement affecting the economic system, the recurrence of periods of boom which are followed by periods of depression, is the unavoidable outcome of the attempts, repeated again and again, to lower the gross market rate of interest by means of credit expansion. 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 the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
- from Human Action by Ludwig von Mises
I'm not seeing any sign of voluntary credit expansion abandonment.
That would mean the voluntary giving up of political power.
What politician, high level bureaucrat does that?
There is no reason to doubt the gold and silver bull market.
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