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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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Ludwig von Mises
Age: 92 †
Born: 1881
Born: September 29
Died: 1973
Died: October 10
Economist
Philosopher
University Teacher
Writer
Lemberg
Austria
Ludwig Heinrich Edler von Mises
Ludwig Heinrich Mises
Mean
Involved
Finals
Expansion
System
Total
Avoiding
Liberty
Economics
Alternative
Results
Credit
Currency
Economic
Brought
Collapse
Boom
Whether
Crisis
Sooner
Voluntary
Means
Result
Alternatives
Abandonment
Come
Later
Final
Catastrophe

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