“What is needed to prevent any further credit expansion is to place the banking business under the general rules of commercial and civil laws compelling every individual and firm to fulfill all obligations”–Mises

“What is needed to prevent any further credit expansion is
to place the banking business under the general rules of commercial
and civil laws compelling every individual and firm to
fulfill all obligations in full compliance with the terms of the
contract.”
Human Action, p. 440; p. 443, Ludwig von Mises