Sunday, 10 October 2010

Farewell Monsieur Allais

"In essence, the present creation of money, out of nothing by the banking system, is similar - I do not hesitate to say it in order to make people clearly realize what is at stake here - to the creation of money by counterfeiters, so rightly condemned by law." Maurice Allais - Nobel Prize in Economics - 1911-2010.

"In fact, without any exaggeration, the current mechanism of money creation through credit is certainly the "cancer" that's irretrievably eroding market economies of private property."

"La Crise mondiale aujourd'hui" (Éd. Clément Juglar, 1999).

also author of the "Allais paradox".

A great loss for France. A great economist and a great mind.

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