Credit Expansion Quotes
- There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should… — Ludwig von Mises
- One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to lend.… — Ludwig von Mises
- Depression is the aftermath of credit expansion. — Ludwig von Mises
- True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit… — Ludwig von Mises
- Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure… — Ludwig von Mises
- The final outcome of the credit expansion is general impoverishment. — Ludwig von Mises