True, governments can reduce the rate of interest in the short run. Th…

Ludwig von Mises
281 citations
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 (1985). Omnipotent Government: The Rise of the Total State and Total War, Libertarian Press
Politics Truth
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