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"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 a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."

— von Mises, Ludwig event 1949

From Human Action: A Treatise on Economics

Context: From Part Four, Chapter XX, Section 8 of Human Action (1949), on the Austrian Business Cycle Theory, a credit-fueled boom cannot be sustained, only the timing and severity of its end are still undecided.

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