--- title: "Meaning & Key Takeaway of: Once public opinion is convinced that the…" description: "\"Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of..." image: "https://sms4smile.com/quotes/i/c31/ludwig-von-mises-364_boom_once-public-opinion-is-convinced-that-th_2032820.jpg" --- # Once public opinion is convinced that the increase in the… ![“Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... If…” quote by Ludwig von Mises](https://sms4smile.com/quotes/i/c31/ludwig-von-mises-364_boom_once-public-opinion-is-convinced-that-th_2032820.jpg) [Download](https://sms4smile.com/quotes/i/c31/ludwig-von-mises-364_boom_once-public-opinion-is-convinced-that-th_2032820.jpg) [Open image](https://sms4smile.com/quotes/i/c31/ludwig-von-mises-364_boom_once-public-opinion-is-convinced-that-th_2032820.jpg) > “Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders.” [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. When people expect endless money growth, they hoard goods, causing a speculative boom that can collapse into a crash if credit keeps expanding. **In simple terms:** Expecting endless money leads to hoarding and a risky boom. Key Takeaway Watch credit growth and avoid excessive speculation. Themes economics inflation speculation monetary policy Mood cautious analytical Type economic warning When to use this quote - investment decisions - personal finance - government policy - market analysis Key Concepts Austrian economics business cycles credit expansion Questions to Reflect On - How does expectation of inflation affect spending? - What safeguards can prevent a credit‑driven boom? A Different Perspective If credit isn’t curtailed, the boom can become a destructive crash. ★ ★ ★ ★ ★ No ratings yet [Boom](https://sms4smile.com/quotes/about/boom/) [Boom Turns](https://sms4smile.com/quotes/about/boom-turns-3743133/) [Cash](https://sms4smile.com/quotes/about/cash/) [Cease](https://sms4smile.com/quotes/about/cease/) [Commodity](https://sms4smile.com/quotes/about/commodity/) [Convinced](https://sms4smile.com/quotes/about/convinced/) [Crack Boom](https://sms4smile.com/quotes/about/crack-boom-3743132/) [Cracks](https://sms4smile.com/quotes/about/cracks/) [Credit](https://sms4smile.com/quotes/about/credit/) [Credit Expansion](https://sms4smile.com/quotes/about/credit-expansion-1643937/) [Ends](https://sms4smile.com/quotes/about/ends/) [Expansion](https://sms4smile.com/quotes/about/expansion/) [Flight](https://sms4smile.com/quotes/about/flight/) [Founders](https://sms4smile.com/quotes/about/founders/) [Ifs](https://sms4smile.com/quotes/about/ifs/) [Increase](https://sms4smile.com/quotes/about/increase/) [Investing](https://sms4smile.com/quotes/about/investing/) [Minimum](https://sms4smile.com/quotes/about/minimum/) [Monetary](https://sms4smile.com/quotes/about/monetary/) [Monetary system](https://sms4smile.com/quotes/about/monetary-system/) [Money](https://sms4smile.com/quotes/about/money/) [Money Continue](https://sms4smile.com/quotes/about/money-continue-3723046/) [Opinion](https://sms4smile.com/quotes/about/opinion/) [Public opinion](https://sms4smile.com/quotes/about/public-opinion/) [Quantity](https://sms4smile.com/quotes/about/quantity/) [Real](https://sms4smile.com/quotes/about/real/) [Real value](https://sms4smile.com/quotes/about/real-value/) [Size](https://sms4smile.com/quotes/about/size/) [Time](https://sms4smile.com/quotes/about/time/) [Turns](https://sms4smile.com/quotes/about/turns/) [Values](https://sms4smile.com/quotes/about/values/) [Whole](https://sms4smile.com/quotes/about/whole/) ## Related quotes > [There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis…](https://sms4smile.com/quotes/ludwig-von-mises/there-is-no-means-of-avoiding-the-final-collapse-of-a-boom-brought/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [What is needed for a sound expansion of production is additional capital goods, not money or fiduciary media. The credit expansion is built on…](https://sms4smile.com/quotes/ludwig-von-mises/what-is-needed-for-a-sound-expansion-of-production-is-additional/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. 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In their hands it is the magic wand designed to…](https://sms4smile.com/quotes/ludwig-von-mises/credit-expansion-is-the-governments-foremost-tool-in-their-struggle/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [The final outcome of the credit expansion is general impoverishment.](https://sms4smile.com/quotes/ludwig-von-mises/the-final-outcome-of-the-credit-expansion-is-general-impoverishment/) [Ludwig von Mises](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/ludwig-von-mises/no-one-should-expect-that-any-logical-argument-or-any-experience/) [Ludwig von Mises](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/ludwig-von-mises/one-day-because-they-realize-for-some-reason-or-other-that-they-must/) [Ludwig von Mises](https://sms4smile.com/quotes/author/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.](https://sms4smile.com/quotes/ludwig-von-mises/credit-expansion-can-bring-about-a-temporary-boom-but-such-a/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Depression is the aftermath of credit expansion.](https://sms4smile.com/quotes/ludwig-von-mises/depression-is-the-aftermath-of-credit-expansion/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [I don't think that there's any shame at all in doing what you have to do in order to survive, to make money while…](https://sms4smile.com/quotes/wilson-cruz/i-don-t-think-that-there-s-any-shame-at-all-in-doing-what-you-have-to/) [Wilson Cruz](https://sms4smile.com/quotes/author/wilson-cruz/) > [I have done everything I have ever wanted to do. I have swum with tiger sharks, been charged by lions and elephants. I have…](https://sms4smile.com/quotes/wilbur-smith/i-have-done-everything-i-have-ever-wanted-to-do-i-have-swum-with/) [Wilbur Smith](https://sms4smile.com/quotes/author/wilbur-smith/) > [We're seeing that women continue to make less money, they continue to face violence.](https://sms4smile.com/quotes/niki-ashton/we-re-seeing-that-women-continue-to-make-less-money-they-continue-to/) [Niki Ashton](https://sms4smile.com/quotes/author/niki-ashton/) > [“Money, money, money. Continue.”](https://sms4smile.com/quotes/celia-aaron/money-money-money-continue/) [Celia Aaron](https://sms4smile.com/quotes/author/celia-aaron/) > [If the practice persists of covering government deficits with the issue of notes, then the day will come without fail, sooner or later, when…](https://sms4smile.com/quotes/ludwig-von-mises/if-the-practice-persists-of-covering-government-deficits-with-the/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.](https://sms4smile.com/quotes/ludwig-von-mises/what-economic-calculation-requires-is-a-monetary-system-whose/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) ## More by Ludwig von Mises > [If the members of parliament no longer consider themselves mandatories of the taxpayers but deputies of those receiving salaries, wages, subsidies, doles, and other…](https://sms4smile.com/quotes/ludwig-von-mises/if-the-members-of-parliament-no-longer-consider-themselves/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Changes in human conditions are brought about by the pioneering of the cleverest and most energetic men. 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The advantages…](https://sms4smile.com/quotes/ludwig-von-mises/every-step-by-which-an-individual-substitutes-concerted-action-for/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent…](https://sms4smile.com/quotes/ludwig-von-mises/the-capitalistic-social-order-therefore-is-an-economic-democracy-in/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense…](https://sms4smile.com/quotes/ludwig-von-mises/without-calculation-economic-activity-is-impossible-since-under/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [There is no kind of freedom and liberty other than the kind which the market economy brings about.](https://sms4smile.com/quotes/ludwig-von-mises/there-is-no-kind-of-freedom-and-liberty-other-than-the-kind-which-the/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Peace and not war is the father of all things.](https://sms4smile.com/quotes/ludwig-von-mises/peace-and-not-war-is-the-father-of-all-things/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [What counts alone is the innovator, the dissenter, the harbinger of things unheard of, the man who rejects the traditional standards and aims at…](https://sms4smile.com/quotes/ludwig-von-mises/what-counts-alone-is-the-innovator-the-dissenter-the-harbinger-of/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [In reality no food is valued solely for its nutritive power and no garment or house solely for the protection it affords against cold…](https://sms4smile.com/quotes/ludwig-von-mises/in-reality-no-food-is-valued-solely-for-its-nutritive-power-and-no/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave…](https://sms4smile.com/quotes/ludwig-von-mises/all-this-talk-the-state-should-do-this-or-that-ultimately-means-the/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social…](https://sms4smile.com/quotes/ludwig-von-mises/the-most-successful-businessmen-were-often-uneducated-when-measured/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Two hundred years ago, before the advent of capitalism, a man's social status was fixed from the beginning to the end of his life;…](https://sms4smile.com/quotes/ludwig-von-mises/two-hundred-years-ago-before-the-advent-of-capitalism-a-man-s-social/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Facts per se can neither prove nor refute anything. Everything is decided by the interpretation and explanation of the facts, by the ideas and…](https://sms4smile.com/quotes/ludwig-von-mises/facts-per-se-can-neither-prove-nor-refute-anything-everything-is/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) [Explore all 637 Ludwig von Mises quotes ](https://sms4smile.com/quotes/author/ludwig-von-mises/) ## More Boom quotes > [The nice thing about working with BOOM! on 'Irredeemable' and 'Incorruptible,' man, was they let me have my head. No one said boo about…](https://sms4smile.com/quotes/mark-waid/the-nice-thing-about-working-with-boom-on-irredeemable-and/) [Mark Waid](https://sms4smile.com/quotes/author/mark-waid/) > [“Why live once when you can live forever.”](https://sms4smile.com/quotes/gerardo-delgado/why-live-once-when-you-can-live-forever/) [Gerardo Delgado](https://sms4smile.com/quotes/author/gerardo-delgado/) > [I've been in, like, kids' clubs... I've been in the Boom Boom Room in New York, and the kids are going, 'Oh my God,…](https://sms4smile.com/quotes/brian-grazer/i-ve-been-in-like-kids-clubs-i-ve-been-in-the-boom-boom-room-in-new/) [Brian Grazer](https://sms4smile.com/quotes/author/brian-grazer/) > [“For ten years Dublin’s been changing faster than our minds can handle. The economic boom has given us too many people with helicopters and…](https://sms4smile.com/quotes/tana-french/for-ten-years-dublin-s-been-changing-faster-than-our-minds-can-handle/) [Tana French](https://sms4smile.com/quotes/author/tana-french/) > [My love for you is like churvaness eklavosh churva ek ek ratatat boom boom bang beng na na na na lalala eh. In short,…](https://sms4smile.com/quotes/anonymous/my-love-for-you-is-like-churvaness-eklavosh-churva-ek-ek-ratatat-boom/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Mindtree began as an internet systems integrator when the dot-com boom was going on.](https://sms4smile.com/quotes/ashok-soota/mindtree-began-as-an-internet-systems-integrator-when-the-dot-com/) [Ashok Soota](https://sms4smile.com/quotes/author/ashok-soota/) > [In one way an oil boom is a mighty bad thing, because it gets into your blood and almost becomes an obsession. Booms are…](https://sms4smile.com/quotes/sue-sanders/in-one-way-an-oil-boom-is-a-mighty-bad-thing-because-it-gets-into/) [Sue Sanders](https://sms4smile.com/quotes/author/sue-sanders/) > [The baby boom is about to become a patient boom.](https://sms4smile.com/quotes/dalton-mcguinty/the-baby-boom-is-about-to-become-a-patient-boom/) [Dalton McGuinty](https://sms4smile.com/quotes/author/dalton-mcguinty/) > [Boom Bang a Bang was a huge part of me, maybe a part that I didnt relish, and there might be psychological reasons for…](https://sms4smile.com/quotes/lulu/boom-bang-a-bang-was-a-huge-part-of-me-maybe-a-part-that-i-didnt/) [Lulu](https://sms4smile.com/quotes/author/lulu/) > [I think especially when the 'Fortnite' boom happened and my career started taking off, there was quite a bit of pressure.](https://sms4smile.com/quotes/pokimane/i-think-especially-when-the-fortnite-boom-happened-and-my-career/) [Pokimane](https://sms4smile.com/quotes/author/pokimane/) > [WOW shahid afridi man liya boss BOOM BOOM!](https://sms4smile.com/quotes/mishal/wow-shahid-afridi-man-liya-boss-boom-boom/) [Mishal](https://sms4smile.com/quotes/author/mishal/) > [“I think you underestimate the appeal of blowing shit up.”](https://sms4smile.com/quotes/debra-dunbar/i-think-you-underestimate-the-appeal-of-blowing-shit-up/) [Debra Dunbar](https://sms4smile.com/quotes/author/debra-dunbar/) > [In falling markets, there is nothing that has not happened before. The bear or pessimist sees only the past, which imprisons the wretched financial…](https://sms4smile.com/quotes/james-buchan/in-falling-markets-there-is-nothing-that-has-not-happened-before-the/) [James Buchan](https://sms4smile.com/quotes/author/james-buchan/) > [Sometimes you just need a spark, and then boom, boom, boom, now the bats come alive.](https://sms4smile.com/quotes/j-d-martinez/sometimes-you-just-need-a-spark-and-then-boom-boom-boom-now-the-bats/) [J. D. Martinez](https://sms4smile.com/quotes/author/j-d-martinez/) > [Click, Click Boom. I'm coming down on the stereo, hear me on the radio, click, click boom.](https://sms4smile.com/quotes/saliva/click-click-boom-i-m-coming-down-on-the-stereo-hear-me-on-the-radio/) [Saliva](https://sms4smile.com/quotes/author/saliva/) [Browse all 160 Boom quotes ](https://sms4smile.com/quotes/about/boom/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... 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