Appearance Quote by Ludwig von Mises

There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And…

— Timothy Geithner

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 more the government intervenes to delay the market's adjustment, the longer and more grueling the depression will be, and the more difficult will…

— Murray Rothbard

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth…

— Ben Bernanke

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

Governments enjoying surpluses have a very strong temptation to splash money around, and while tax cuts are always appealing, cutting taxes at the top…

— Malcolm Turnbull

Monetary policy causes booms and busts.

— Edward C. Prescott

Governments need to lay out a credible path to reducing their deficits in the medium term, but without excessively enfeebling an already weak recovery.…

— Zanny Minton Beddoes

Increased wages, higher pensions, more unemployment insurance, all are of no avail if the purchasing power of money falls faster.

— Bernard Baruch

For highly indebted governments, low interest rates are critical to keep debt levels sustainable and ease pressure to restructure debt and recapitalize banks. The…

— Michael Spence

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

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

— Doug Casey