Tommaso, not sure what you mean here:
"I have seen absolutely no criticism or even recognition so far of the sudden enormous expansion of the money supply."
If you mean that von Mises is incorrect, you must view his comments in the context of the time they were made: 1953.
OTOH, if you mean "at present" - right now - I'm not sure what to say. There have been more than enough warnings issued in the years approaching this crisis, by sources too numerous to mention.
Events are moving fast; readers on this thread and others are far more aware than John Q. Public. Given existing conditions, there's a tight range of actions avilable to intervenors, and not much else they can do. Realistically, lame negotiators in Washington are unlikely to comment - and their comments would probably be pablum, anyway. Pundits will get on the story, and more than enough public comment will come. It's somewhat superfluous though, isn't it? The rock is rolling.
Not to be antagonistic, but would you prefer that money supply had not been expanded? Given the risks and threats, what alternative would you suggest?
Understand, I'm not trying to be rude or dismissive. But there's a certain inevitability and predictability here, IMO.
Jim |
