Depression is the aftermath of credit expansion.
LUDWIG VON MISES
LUDWIG VON MISES
Ludwig von Mises on aftermath
Ludwig von Mises123 quotes“Depression is the aftermath of credit expansion.”
More from Ludwig von Mises
Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
Ludwig von MisesLudwig von Mises Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
Ludwig von MisesLudwig von Mises The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.
Ludwig von MisesLudwig von Mises Liberty is meaningless if it is only the liberty to agree with those in power.
Ludwig von MisesLudwig von Mises Every socialist is a disguised dictator.
Ludwig von MisesLudwig von Mises All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out
Ludwig von MisesLudwig von Mises The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality.
Ludwig von MisesLudwig von Mises State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.
Ludwig von MisesLudwig von Mises True, governments can reduce the rate of interest in the short run. They can issue additional paper money.
Ludwig von MisesLudwig von Mises Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.
Ludwig von MisesLudwig von Mises It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom.
Ludwig von MisesLudwig von Mises He who serves the public best, makes the highest profits.
Ludwig von MisesLudwig von Mises Know that every breath is a miracle and every moment a blessing and you will achieve your dreams.
Ludwig von MisesLudwig von Mises The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
Ludwig von MisesLudwig von Mises The mark of the creative mind is that it defies a part of what it has learned.
Ludwig von MisesLudwig von Mises For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.
Ludwig von MisesLudwig von Mises
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More on aftermath
In the aftermath of September 11th, it is critical to secure our borders.
Bobby JindalBobby Jindal History has shown that Big Government expands quickest in the immediate aftermath of a crisis – real or manufactured.
Bob BarrBob Barr Despite its name, the big bang theory is not really a theory of a bang at all.
Alan GuthAlan Guth It is really only a theory of the aftermath of a bang.
Alan GuthAlan Guth History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
Alan GreenspanAlan Greenspan This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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