There is no means of avoiding the final collapse of a boom brought about by credit expansion.

Zu den Kommentaren

Ludwig von Mises writes in “Human Action” Chapter XX, section 8:

“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.”

SOURCE: http://mises.org/

Hinterlasse einen Kommentar

Eingeordnet unter crash

Schlagwörter: credit, crisis, Ludwig von Mises