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


Socialism (1922) - Epilogue (1947)

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.

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.