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Quote from 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 a result of a voluntary abandonment of further credit expansion, or later as a final or total catastrophe of the currency system involved."


By:

Ludwig von Mises (more quotes by Ludwig von Mises or books by/about Ludwig von Mises)


(1881-1973) Economist and social philosopher

Categories:

Crisis, Debt, Economics, Inflation, Money

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