O culpado dos ciclos económicos: os economistas

"As has been mentioned already, the British Government has asserted that credit expansion has performed "the miracle...of turning a stone into bread." [11] A Chairman of the Federal Reserve Bank of New York has declared that "final freedom from the domestic money market exists for every sovereign national state where there exists an institution which functions in the manner of a modern central bank, and whose currency is not convertible into gold or into some other commodity." [12] Many governments, universities, and institutes of economic research lavishly subsidize publications whose main purpose is to praise the blessings of unbridled credit expansion and to slander all opponents as illintentioned advocates of the selfish interests of usurers." Human Action, Mises