The Austrian parody of Economics Forum

Quote from Debaser82:

"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 the result of voluntary abandonment of further credit expansion, or later as the final and total catastrophe of the currency involved."

So, this statement is incorrect?

How come?

Cheers.
More...
Occam razor -> "There is no means of avoiding a final collapse of a boom."

... boom & bust cycles occur naturally due to brain & information asymetry chump, credit or not, nature is rife with examples... here's a fun study as well fyi:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=148093&highlight=trading+monkeys

properly channeled credit is what you need to smoothen the bust cycle, or rather, thats the only tool available to achieve that... now whether its a desirable objective or country bankruptcy / civil war is preferable is a matter of philosophy for the nutters and thats where our austrian muppets generally come in...

how come?
 
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