"There is no means of avoiding the 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 a final and total catastrophe of the currency system involved."

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Source : Ludwig Von Mises (1963). “Human action: a treatise on economics”

Ludwig von Mises

#Mean Quotes #Liberty Quotes #Credit Quotes