Showing posts with label currency system. Show all posts
Showing posts with label currency system. Show all posts

Monday, October 15, 2012

Ludwig von Mises quote

"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