There Is No Means Of Avoiding The Final Collapse...

in economics •  6 years ago 

Mises 1.jpg

“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.”

-Ludwig von Mises

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Very applicable quote!