The final outcome of the credit expansion is general…

One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to…

— Ludwig von Mises

Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently…

— Ludwig von Mises

No one should expect that any logical argument or any experience could ever shake the almost religious fervor of those who believe in salvation…

— Ludwig von Mises

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis…

— Ludwig von Mises

Depression is the aftermath of credit expansion.

— Ludwig von Mises

Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.

— Ludwig von Mises

Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment.

— Henry Hazlitt

The boom squanders through malinvestment scarce factors of production and reduces the stock available through overconsumption; its alleged blessings are paid for by impoverishment.

— Ludwig von Mises

Our contemporary brand of socialism has one fatal flaw. It's too expensive. When you try to shower benefits on so many recipients, you eventually…

— James Cook

Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to…

— Ludwig von Mises

Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher…

— Ludwig von Mises

What is needed for a sound expansion of production is additional capital goods, not money or fiduciary media. The credit expansion is built on…

— Ludwig von Mises

The impoverishment produced by collectivism is not a fantasy, nor is it an inescapable fate.

— Javier Milei

In my very first term there was an issue that brought us [George Mitchell, Ted Kennedy, Chris Dodd] together in a very deep, emotional,…

— Barbara Mikulski

Perhaps the greatest and least visible form of impoverishment caused by the Corporate State is the destruction of community.

— Charles A. Reich