Occupy Mises

"Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment."

Ludwig von Mises, "Human Action"

Sooner Or Later

"There is no means of avoiding the final collapse of a boom brought on by credit and fiat monetary expansion. The only question is whether the crisis should come sooner in the form of a recession or later as a final and total catastrophe of depression as the currency systems crumble.”
Ludwig von Mises

A Shift Toward The Big "D"

"In my October 2008 post, Four Potential Outcomes, I presented what I believed to be the four potential outcomes in the near future. Outcome #1, deflation, appears to have already swiftly occurred devasting asset prices in all sectors including commodities. The "missing piece" is that from an Austrian economics perspective, credit and money expansion need to deflate also. As we know, the opposite is occurring on a staggering level."
Random Roving, March 26, 2009

Well the chart below provides the "missing piece".  Money supply is tanking rapidly.  An Austrian economist would declare that deflation is here.  That would mean a decline in the value of everything. 

Source: Shadowstats.com