Bills Quote by Ludwig von Mises

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

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

— Friedrich August von Hayek

People have to pay so much money to the banks that they don't have enough money to buy the goods and services they produce.…

— Michael Hudson

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 entrepreneurial investors of the time just want to repeat themselves indefinitely and don't know when to stop. You can't do that. And so…

— Jane Jacobs

The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and…

— Charles P. Kindleberger

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

At some point, there will be some other financial crisis. It's in the nature of a capitalist system.

— Lee Hsien Loong

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

— 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

Industry pays debts, while despair increases them.

— Benjamin Franklin