Menger: The Oracle of the Fall of Europe

By Ludwig von Mises

Menger 3

Carl Menger, the founder of Austrian Economics, predicted the Fall of Europe around 1910.

“The policies as conducted by the European powers will lead to a horrible war that will end with gruesome revolutions, with the extinction of European culture and the destruction of prosperity of all nations. In preparation for these inevitable events investments only in gold hoards, and perhaps in obligations of the two Scandinavian countries can be recommended.”

Read more at the Mises Institute

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