The Present Monetary System Is Heading for a Breakdown.
How long the central bank can keep the present system going is dependent
upon the state of savings and capital accumulation. As long as these
are still expanding, the central bank is likely to appear successful in
keeping the economy flourishing. Once the economy falls into an economic
slump because of a decline in the capital stock, any government or
central bank attempts to revive the economy are going to fail. Not only
will these attempts fail to revive the economy, they will further
deplete and inhibit saving and capital investment, thereby prolonging
the economic slump.
By Frank Shostak.
https://mises.org/mises-wire/present-monetary-system-heading-breakdown
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