Ah Ludwig, you were right

“There is no means of avoiding the final collapse of a boom brought about by credit expansion.”

- Ludwig von Mises
(1881 – 1973)
Austrian Economist, philosopher and a major influence on the modern libertarian movement

I guess that says it all about the U.S. economy, ey? Dontcha worry my fellow Pinoys, the remittances of our parientes abroad will save our economy yet.

Good morning pow.