"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."– Ludwig von Mises
Monday, October 15, 2012
Ludwig von Mises quote
Labels:
boom,
credit,
crisis,
currency system,
debt,
expansion,
final collapse,
Ludwig von Mises
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