streda, novembra 07, 2007

Austrians Know Who Is Behind The Frenzy

„Those of us who warned in the 1990s that the stock-price mania could not last were accused of spreading “gloom and doom.” Our warnings were considered self-evidently ridiculous, because, of course, it was said that we were in a New Economy, and such things as profitability and earnings and savings were old hat and had no bearing on the cyberworld being created before our eyes. Only the Austrian School economists seemed to wonder who or what was behind the frenzy.“

- L. Rockwell: „Speaking of Liberty“