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Ludwig von Mises Quotes: The final outcome of the credit expansion is general impoverishment.
         

The final outcome of the credit expansion is general impoverishment.


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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This book is for those of you who are tired of trying to squeeze into constrained categories, who long for a life without limits on who you are or who you will become.

This book is for those of you who are tired of trying to squeeze into constrained categories, who long for a life without limits on who you are or who you will become.





Keep testing your conviction from time to time, with your intellect as well as emotions to ensure you are on the right path!

Keep testing your conviction from time to time, with your intellect as well as emotions to ensure you are on the right path!



Prudence is but experience, which equal time, equally bestows on all men, in those things they equally apply themselves unto.

Prudence is but experience, which equal time, equally bestows on all men, in those things they equally apply themselves unto.



You can't complain about your dressing room or you'll look like Celine Dion.

You can't complain about your dressing room or you'll look like Celine Dion.



If there is wrong, you don't say we have to get rid of it gradually. If injustice exists, you need to eliminate it immediately.

If there is wrong, you don't say we have to get rid of it gradually. If injustice exists, you need to eliminate it immediately.



The cowboy doesn't need an iron horse, but covers his country on one that eats grass and wears hair.

The cowboy doesn't need an iron horse, but covers his country on one that eats grass and wears hair.



There is no such thing as a just and fair method of exercising the tremendous power that interventionism puts into the hands of the legislature and the executive.

There is no such thing as a just and fair method of exercising the tremendous power that interventionism puts into the hands of the legislature and the executive.



We will always meet rivals in everything we do, but the most dangerous are those we believe to be our friends.

We will always meet rivals in everything we do, but the most dangerous are those we believe to be our friends.




Quote Description


This page presents the quote "The final outcome of the credit expansion is general impoverishment.". Author of this quote is Ludwig von Mises. This quote is about finals, expansion, credit,.