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Tag Archives: pyramid

Garet Garrett’s Invaluable Lesson

Posted on February 5, 2010 by Jonathan Finegold Catalán

Garet Garrett warned of uncontrolled public debt in 1931, and still the lesson has yet to be heeded. A crisis of interventionism, as termed by Ludwig von Mises, is fast approaching. Continue reading →

Posted in History, Politics, Theory | Tagged Bubble, cards, Credit, debt, Garet, Garrett, house, Ponzi, pyramid, scheme | 7323 Commentshttp%3A%2F%2Fwww.economicthought.net%2F2010%2F02%2Fgaret-garrett%25e2%2580%2599s-invaluable-lesson%2FGaret+Garrett%E2%80%99s+Invaluable+Lesson2010-02-05+13%3A00%3A40Jonathan+Finegold+Catal%C3%A1nhttp%3A%2F%2Fwww.economicthought.net%2F%3Fp%3D732
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