Credit expansion can bring about a temporary boom. But such… - Ludwig von Mises

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Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.

Ludwig von Mises

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About Ludwig von Mises

Ludwig Heinrich Edler von Mises (29 September 1881 – 10 October 1973) was an Austrian economist, philosopher, author and classical liberal who had a significant influence on the modern libertarian movement and the Austrian School of economics.

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Native Name: Ludwig Heinrich Edler von Mises

Alternative Names: Ludwig Heinrich Mises

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The market system is the basis of our civilization. Its only alternative is the Führer principle.

There is joint action, but no joint thinking. There is only tradition which preserves thoughts and communicates them to others as a stimulus to their thinking.

The masses do not like those who surpass them in any regard. The average man envies and hates those who are different.

Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump. - Ludwig von Mises

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