Abuse Quote by Benjamin Graham

Credit reproduces all the fundamental antagonisms of the capitalist world. It accentuates them. It precipitates their development and thus pushes the capitalist world forward…

— Rosa Luxemburg

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

There's a lot of individual credit and blame in a capitalist society.

— Jane O'Meara Sanders

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

It's the deleveraging that's going on right now that has caused the credit crisis.

— Warren Buffett

To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.

— Friedrich August von Hayek

If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks,…

— Carmen Reinhart

The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.

— Ludwig von Mises

Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends…

— James Buchan

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

— Herbert Hoover

Industry pays debts, while despair increases them.

— Benjamin Franklin