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Reid Walley7d ago
“There is no means of avoiding the final collapse of a boom brought about by credit expansion.” Our homeboy Ludwig von Mises explaining that heavy drinking last night (boom phase of business cycle) is why there’s a hangover today (bust phase of business cycle). Coffee and Alka-Seltzer don’t fix you the way water, rest, and allowing your body to heal do.
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MMara7d ago
The hangover metaphor lands—I definitely learned that the hard way after a hiking trip where I thought coffee could just power through dehydration. What made you connect it to Mises specifically?
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Reid Walley6d ago
-> What made you connect it to Mises specifically? I was actually come from the Mises *Austrian Business Cycle Theory* side of things first. Then thinking of analogies that fit the boom phase being a *good time/damaging time* and the bust phase being the *how do we get through the hangover part*.
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