As Mises states.....
Credit expansion is the government’s foremost tool in their struggle
against the market economy. In their hands it is the magic wand designed
to conjure away the scarcity of capital goods, to lower the rate of
interest or to abolish it altogether, to finance lavish government
spending, to expropriate the capitalists, to contrive everlasting booms,
and to make everybody prosperous"—with the consequence that such an
artificial boom inexorably will lead to the bust.
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