A Quote by Ludwig von Mises

The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit. — © Ludwig von Mises
The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
My philosophy of life can be summed up in four words: It can't be helped.
The presumed causes of Americas troubles can be summed up simply: the evils of unlimited competition, and abuses by those with economic power.
What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.
Survival can be summed up in three words - never give up. That's the heart of it really. Just keep trying.
A study of the panics of 1873, 1893, and 1907 indicates that these panics were the result of the international bankers' operations in London.
All human wisdom is summed up in two words; wait and hope.
To the extent that bank panics interfere with normal flows of credit, they may affect the performance of the real economy.
That principle can be summed up in three simple words. Thoughts Become Things!
My awkward phase can be summed up in three words: Clear. Braces. College.
America's peak years of indigenous innovation ran from the 1820s to the 1960s. There were a few financial panics and two depressions, to be sure. But in this period, a frenzy of creative activity, economic competition and rapid growth in national income provided widening economic inclusion, rising wages for all, and engaging careers for most.
I'm suddenly worried people will think that I believe their religion can be summed up on four sex-obsessed sentences.
The work of a director can be summed up in two very simple words. Why and How.
The history of thought may be summed up in these words: it is absurd by what it seeks and great by what it finds.
In a business society, the role of sex can be summed up in five pitiful little words. There is money in it.
The real story of Detroit [...] can be summed up in seven words. Private enterprise built it, government destroyed it.
The most important key to successful investing can be summed up in just two words-asset allocation.
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