Aftermath Quote by 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

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

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

The final outcome of the credit expansion is general impoverishment.

— 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

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

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

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

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

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

Credit expansion and money printing hasn't filtered much to ordinary people. It's boosted asset markets, real estate and stocks. So well-to-do-people have done very…

— Marc Faber