If it were really possible to substitute credit expansion (cheap money) for the accumulation of capital goods by saving, there would not be any poverty in the world.
-Ludwig von Mises
If it were really possible to substitute credit expansion (cheap money) for the accumulation of capital goods by saving, there would not be any poverty in the world.
-Ludwig von Mises
Categories: Ludwig von Mises · capitalism · fiat money · free markets
Tagged: capitalism, fiat money, free markets, Ludwig von Mises
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