"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

Sunday, January 16, 2011

Weekend Reads

Some interesting recent material:

Hedge Funds Bet China is a Bubble Close to Bursting (Telegraph)

Irish Bailout to Total More than Ireland Received from the EU (Independent.ie)

IMF Sends Special Unit to Evaluate Spain's Solvency (Bloomberg)

World Bank Makes Case for New Reserve Currency (Globe & Mail)

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