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

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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Other quotes of Ludwig von Mises


Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.

Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.



The worst evils which mankind has ever had to endure were inflicted by bad governments.

The worst evils which mankind has ever had to endure were inflicted by bad governments.



[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics

[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics



The real bosses, in the capitalist system of market economy, are the consumers.

The real bosses, in the capitalist system of market economy, are the consumers.



Government cannot make man richer, but it can make him poorer.

Government cannot make man richer, but it can make him poorer.



The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.

The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.



If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.

If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.



The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.

The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.



Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.



Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.

Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.





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Far from checking the spread of immorality, repression has always extended and deepended it. Thus it is futile to oppose it by rigorous legislation which trespasses on individual liberty.

Far from checking the spread of immorality, repression has always extended and deepended it. Thus it is futile to oppose it by rigorous legislation which trespasses on individual liberty.



Prescription: A physician's guess at what will best prolong the situation with least harm to the patient.

Prescription: A physician's guess at what will best prolong the situation with least harm to the patient.



Marriage is a series of desperate arguments people feel passionately about.

Marriage is a series of desperate arguments people feel passionately about.



I wouldn't even dare read the Torah, let alone attempt a witty observation on the Torah.

I wouldn't even dare read the Torah, let alone attempt a witty observation on the Torah.



There is no morality without temptation; otherwise it is just lack of opportunity.

There is no morality without temptation; otherwise it is just lack of opportunity.



No big league team is having a gathering like this 2 days before the season

No big league team is having a gathering like this 2 days before the season



If I correctly understand the goal of American policy, one wishes Russia to be a partner.

If I correctly understand the goal of American policy, one wishes Russia to be a partner.



A church is a place in which gentlemen who have never been to Heaven brag about it to persons who will never get there.

A church is a place in which gentlemen who have never been to Heaven brag about it to persons who will never get there.



I don't even know what's brilliant in fashion anymore. There are too many voices.

I don't even know what's brilliant in fashion anymore. There are too many voices.



I don't have a definition of Jazz. You're just supposed to know it when you hear it.

I don't have a definition of Jazz. You're just supposed to know it when you hear it.




Quote Description


This page presents the quote "Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.". Author of this quote is Ludwig von Mises. This quote is about slumps, trade, temporary, depression, credit, expansion, prosperity,.