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Jeg vil anbefale den følgende artikkelen:

A Golden Way Out of the Monetary Fiasco, av Thorsten Polleit

Et utdrag:

[Ludwig von] Mises clearly saw that a monetary fiasco would not be ascribed to state interventionism in monetary affairs, but that it would compromise capitalism: people would ascribe the ensuing evils — such as job losses, falling income, etc. — to the machinations of the free market. What is more, they would call for more government intervention, convinced that such action would lead the way out of calamities. Mises noted,

The boom produces impoverishment. But still more disastrous are its moral ravages. It makes people despondent and dispirited. The more optimistic they were under the illusory prosperity of the boom, the greater is their despair and their feeling of frustration. The individual is always ready to ascribe his good luck to his own efficiency and to take it as a well-deserved reward for his talent, application, and probity. But reverses of fortune he always charges to other people, and most of all to the absurdity of social and political institutions. He does not blame the authorities for having fostered the boom. He reviles them for the inevitable collapse. In the opinion of the public, more inflation and more credit expansion are the only remedy against the evils which inflation and credit expansion have brought about.

Jeg prøver konsekvent å unngå ‘ismer’. Artikkelen har kanskje en typisk liberalistisk vinkling, men jeg synes det som står der virker fornuftig.