A Boom-Bust Cycle in Austrian School Politics

"I must unfortunately take political pessimism to a further degree. Even assuming political activity could save us from the dangers of political activity, it is too late for America. America survives by imports bought with a currency that rests on myth: faith that the dollar will retain its value. The emperor not only has no clothes, he has little of meaningful value with which to buy real clothes. Ron Paul cannot save the USA." Column by Lysander's Ghost.