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Ludwig von Mises Quotes: The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
         

The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.


Ludwig von Mises
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"Ludwig von Mises Quotes." Quoteslyfe.com, 2024. Thu. 21 Nov. 2024. <https://www.quoteslyfe.com/quote/The-causes-of-all-panics-crashes-and-831267>.





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Other quotes of Ludwig von Mises


Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.

Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.



The worst evils which mankind has ever had to endure were inflicted by bad governments.

The worst evils which mankind has ever had to endure were inflicted by bad governments.



[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics

[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics



The real bosses, in the capitalist system of market economy, are the consumers.

The real bosses, in the capitalist system of market economy, are the consumers.



Government cannot make man richer, but it can make him poorer.

Government cannot make man richer, but it can make him poorer.



The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.

The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.



If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.

If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.



The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.

The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.



Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.



Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.

Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.





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[Y]ou are here to learn something. Don’t try to figure out what it is. This can be frustrating and unproductive.

[Y]ou are here to learn something. Don’t try to figure out what it is. This can be frustrating and unproductive.



The best way to Prove your critics wrong is to Improve yourself

The best way to Prove your critics wrong is to Improve yourself



Nothing is as important as your calling and purpose in life.

Nothing is as important as your calling and purpose in life.



There is more involved in this contest than is realized by every one. There is involved in this struggle the question whether your children and my children shall enjoy the privileges we have enjoyed.

There is more involved in this contest than is realized by every one. There is involved in this struggle the question whether your children and my children shall enjoy the privileges we have enjoyed.



So the hotel tells us that it is not safe to go in the water because its shark mating time. I know how I'd feel if someone interrupted me.

So the hotel tells us that it is not safe to go in the water because its shark mating time. I know how I'd feel if someone interrupted me.



Women hate revolutions and revolutionists. They like men who are docile, and well-regarded at the bank, and never late at meals.

Women hate revolutions and revolutionists. They like men who are docile, and well-regarded at the bank, and never late at meals.



I received the fundamentals of my education in school, but that was not enough. My real education, the superstructure, the details, the true architecture, I got out of the public library.

I received the fundamentals of my education in school, but that was not enough. My real education, the superstructure, the details, the true architecture, I got out of the public library.



People will notice the beauty of what they usually ignore ~

People will notice the beauty of what they usually ignore ~



I don't always like writing, but I very much like having written.

I don't always like writing, but I very much like having written.



Mixtapes, it's for everyone and you throw them in the trash quickly. While an album is an object that only your real fans take the trouble to buy and know you have prepared something special.

Mixtapes, it's for everyone and you throw them in the trash quickly. While an album is an object that only your real fans take the trouble to buy and know you have prepared something special.




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This page presents the quote "The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.". Author of this quote is Ludwig von Mises. This quote is about misuse, credit, causes, four,.