Quote – Ludwig von Mises on the Final Collapse

Ludwig von Mises

 

Austrian Economist Ludwig von Mises

Austrian School Economist – Ludwig von Mises

 

“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 a voluntary abandonment of further credit expansion or later as a final and total catastrophe of the currency system involved.”

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