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Quote by Ludwig von Mises

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

Quote by Ludwig von Mises

Book:Human action: a treatise on economics
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Work

Human action: a treatise on economics

This seminal work delves into the theoretical underpinnings of economics, focusing on the actions and decisions of individuals within a market economy. It is widely regarded as a foundational text in the field of economics, particularly within the Austrian School of thought. more

Author

Ludwig von Mises
Ludwig von Mises

Ludwig von Mises was a prominent economist, philosopher, and social theorist born on September 29, 1881, in Austria, and passed away on October 10, 1973. He is considered one of the most influential economists of the 20th century and a leading advocate for free-market economics. more

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Book:The Ayn Rand Lexicon: Objectivism from A to Z
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