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Depression is the aftermath of credit expansion.

Ludwig von Mises

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Aftermath Credit Depression Expansion

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Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
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Capitalism Need Number People Standard Steadily World
A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
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It is important to remember that government interference always means either violent action or the threat of such action.
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They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
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Appearance Artificial Boom Collapse Create Depression Expansion Open Soon Way
It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom.
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The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
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The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.
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Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
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[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
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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.
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Depression is the aftermath of credit expansion.
LUDWIG VON MISES

Aftermath Credit Depression Expansion
A free press can only exist where there is private control over the means of production
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Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
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The fundamental law of the market is: the customer is always right.
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The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
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