Quote by Ludwig von Mises on Credit Expansion and Impoverishment

„The final outcome of the credit expansion is general impoverishment.“

Ludwig von MisesLudwig von Mises explains that credit expansion ultimately leads to general impoverishment.
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Ludwig von Mises was an Austrian economist, social philosopher, and one of the leading figures of the Austrian School of economics.

Ludwig von Mises warns about the negative economic consequences of credit expansion.


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Ludwig von Mises quote image about the economic consequences of credit expansion

Ludwig von Mises (1881–1973) was a prominent Austrian economist and social philosopher, known for his contributions to the Austrian School of economics. He significantly influenced libertarian and free-market economic theory and was a critic of socialism and interventionism.

Quote by Ludwig von Mises about credit expansion and economic crisesCopyright © yoice.net – Quote Artwork
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"There is no way to prevent the final collapse of a boom generated by credit expansion. The only alternative is either an earlier crisis resulting from the voluntary termination of credit expansion, or a later, final, and total catastrophe for the currency system involved." Ludwig von Mises
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Quote by Ludwig Heinrich Edler von Mises about dangers of monetary policy and bankingCopyright © yoice.net – Quote Artwork
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"Through the artifices of banking and monetary policy one can achieve only a temporary illusion of improvement, which must ultimately lead to an even more severe catastrophe. For the longer this artificial boom is sustained by the creation of additional credit, the greater the damage inflicted on general prosperity by the use of such measures." Ludwig Heinrich Edler von Mises
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Quote by Roland Baader about the destructive role of the state and central banksCopyright © yoice.net – Quote Artwork
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"The state is an insatiable money-eating monster, and the central banks are its tireless inflationary machines. Together they are cronies of the impoverishment of peoples and an ideal pair for the dance of death of civilization" Roland Baader
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