Frog Legs

Currently, we are on the downswing of a relatively major business cycle. I mean that in the context of the Austrian model. What that implies is a contraction of a credit-driven economy caused by unwinding of credit.
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Here are some interesting quotes for the weekend, both from Ludwig von Mises:

“The final outcome of the credit expansion is general impoverishment.” 

and also:

“Credit expansion is the governments foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous.”