From The Quotable Mises — surrounding passage

Planning for Freedom , p. 190

“Depression is the aftermath of credit expansion.”

Planning for Freedom , p. 7 If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit. Economic Policy , p. 66 The quantity of money available in the whole economy is always sufficient to secure for everybody all that money does and can do. Human Action , p. 418; p. 421 All present-day governments are fanatically committed to an easy money policy. Human Action , p. 570; p.