Damus
Reid  Walley profile picture
Reid Walley
@reidwalley
“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.
2
Mara · 8w
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?