A Quote by Ludwig von Mises

Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders.

Ludwig von Mises

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Becomes Begins Boom Buy Cash Cease Come Commodities Consequently Continue Convinced Crack Credit Eager End Everybody Expansion Flight Founders His Increase Minimum Monetary Monetary System Money Much Never Once Opinion Possible Prices Public Public Opinion Quantity Real Real Value Restrict Rise Size Stopped System Time Turns Up Values Whole Will

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Ludwig von Mises
Austrian - Economist
September 29, 1881 - October 10, 1973

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.

Ludwig von Mises

If I had more recreation time I would be able to step back and reflect on how life has changed. But it has been like a constant... boom, boom, boom, boom, boom!

Shia LaBeouf

Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.

Ludwig von Mises

The 'boom-bust' cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.

Murray Rothbard

True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.

Ludwig von Mises

As 'Austrian' business cycle theory has pointed out, any bank credit inflation sets up conditions for boom-and-bust; there is no need for prices actually to rise.

Murray Rothbard

Boy you got my heartbeat runnin away Beatin like a drum & it's comin your way Cant you hear that Boom badoom boom boom badoom boom bass He got that super bass Boom badoom boom boom badoom boom bass Yeah that's that super bass

Nicki Minaj

Sometimes you just need a spark, and then boom, boom, boom, now the bats come alive.

J. D. Martinez

A major boom in real stock prices in the US after Black Tuesday brought them halfway back to 1929 levels by 1930. This was followed by a second crash, another boom from 1932 to 1937, and a third crash. Speculative bubbles do not end like a short story, novel, or play. There is no final denouement that brings all the strands of a narrative into an impressive final conclusion. In the real world, we never know when the story is over.

Robert J. Shiller

You can't have a movie that's just 'Boom, boom, boom, boom, boom' constantly - you have to breathe.

Chris Pontius

My reading life is like an airport where a bunch of planes circle in a holding pattern, then - boom, boom, boom - several come in for a landing.

Laura Lippman

Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.

Ludwig von Mises

No! Once the music plays, it creates me. The instruments move me, through me, they control me. Sometimes I'm uncontrollable and it just happens - boom, boom, boom! - once it gets inside you.

Michael Jackson

I am a light person. I think of myself with a shield, a protective shield around me. And I think of bad things bouncing off it. Boom, boom, boom, ba-boom, ba- boom!

Kelly Brook

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.

Milton Friedman

Mandatory minimum sentences give no discretion to judges about the amount of time that the person should receive once a guilty verdict is rendered. Harsh mandatory minimum sentences for drug offenses were passed by Congress in the 1980s as part of the war on drugs and the "get tough" movement, sentences that have helped to fuel our nation's prison boom and have also greatly aggravated racial disparities, particularly in the application of mandatory minimum sentences for crack cocaine.

Michelle Alexander

A Quote by Ludwig von Mises

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