Sunday, November 08, 2009

The Man Who Predicted the Depression

A superb article in the Wall Street Journal, on Ludwig von Mises' 1920s' prediction of a forthcoming economic crash.

The Austrian crusade may finally be beginning to get somewhere after 80 years of being right all of the time, and subsequently being ignored for being so damned smug about it.

(BTW, in case you're wondering, the Persian Gulf sea, just off the Hilton Jumeirah in Dubai, is superb at this time of year. Wearing my 'Murray Rothbard: Enemy of the State' drew a few confused looks, but what the heck.)

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