Quote: “There is no means of avoiding a final collapse of a boom brought about by credit expansion.” – Ludwig von Mises
Submitted by bsfootprint on Wed, 08/17/2011 - 23:42
Quote:
There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as the final and total catastrophe of the currency involved.
Who Said It?:
Ludwig von Mises
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