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Mises predicted the Great Depression when everyone else was drunk on 1920s boom euphoria. He knew artificial credit expansion creates malinvestment and inevitable bust. But did anyone listen? Of course not.
While British pedophile John Maynard Keynes pushed his "animal spirits" nonsense, Mises laid out the Austrian theory of the business cycle with mathematical precision. Every bubble since—dot-com, housing, everything bubble—follows his script perfectly.
Central bankers still pretend they can engineer prosperity through money printing. They can't. Never could. Mises knew this a century ago.

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