IT’S BACK TO HAYEK ALL OVER AGAIN — OTMAR ISSING EDITION

Otmar Issing:

Quite a number of studies, now libraries almost, from the BIS and also from the European Central Bank have clearly shown that there is hardly any bubble in history which was not accompanied if not proceeded by strong growth in money and/or credit. So looking into money and credit will help you to identify a risky situation.

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The spontaneous collaboration of free men often creates things which are greater than their individual minds can ever fully comprehend. — F. A. Hayek

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