In this weekend's WSJ, Mark Spitznagel, founder and chief investment officer of the hedge fund Universa Investments LP, writes that, in the 1920s, German economist Ludwig von Mises predicted how our crisis would evolve:
Taking his cue from David Hume and David Ricardo, Mises explained how the banking system was endowed' [...]Here’s a letter that I sent this morning to the Wall Street Journal:
Kudos to Mark Spitznagel for drawing attention to the important but neglected work of the late Ludwig von Mises (”The Man Who Predicted the Depression,” Nov. 7).
But while Mr. Spitznagel is correct that Keynesians ignored Mises’s [...]
From last evening in the Wall Street Journal, a very good piece. Nothing new for readers of Mises.org but still very encouraging.
The Man Who Predicted the Depression
Ludwig von Mises explained how government-induced credit expansions led to imbalances in the economy.
By MARK SPITZNAGEL
Ludwig von Mises was snubbed [...]
