Credit Quote by 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…

— 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

Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end…

— 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…

— 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

THERE is widespread agreement among economists that abuse of credit constitutes one of the chief unwholesome elements in business booms and is mainly responsible…

— Benjamin Graham

The 'boom-bust' cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.

— Murray Rothbard

“These findings on capital flow bonanzas are also consistent with other identified empirical regularities surrounding credit cycles. Mendoza and Terrones, who examine credit cycles…

— Carmen M. Reinhart

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

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

The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is…

— Ludwig von Mises

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