Credit Quote by 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

The modern history of economic theory is a tale of evasions of reality.

— Thomas Balogh, Baron Balogh

One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and…

— Robert J. Samuelson

“What causes recessions? Many economists talk about the need for a consumer economy, but we can't have a consumer economy if people can't afford…

— Martin Adams

I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

— Paul Krugman

The essence of the this-time-is-different syndrome is...rooted in the firmly held belief that financial crises are things that happen to other people in other…

— Carmen Reinhart

Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually…

— Doug Casey

Times of economic crises can change what the competitive landscape looks like, because when, for example, you have boom times, capital is easy to…

— Reid Hoffman

Unless we understand what it is that leads to economic and financial instability, we cannot prescribe -- make policy -- to modify or eliminate…

— Hyman Minsky

The economy has settled into a sustainable, self-reinforcing growth path, .. All major categories of the economy have contributed to economic growth. Now that…

— Sung Won Sohn

An economy may be in equilibrium from a short-period point of view and yet contain within itself incompatibilities that are soon going to knock…

— Joan Robinson

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