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Politics : Ask Michael Burke
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To: Mike M2 who wrote (71373)12/3/1999 2:17:00 PM
From: Peter Singleton  Read Replies (1) of 132070
 
Mike,

Do you have a link or a reference to the quote below?

Peter

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