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Malinvestment, Not Overinvestment, Causes Booms

  • Audio Mises Daily
May 21, 2010

Tags Booms and BustsMoney and BanksCapital and Interest TheoryFiscal TheoryInterventionism

The whole entrepreneurial class is in the position of a master builder whose task it is to erect a building out of a limited supply of building materials. Our master builder's fault cannot be overinvestment, but only an inappropriate employment of the means at his disposal, writes Ludwig von Mises (1881–1973).

This audio Mises Daily is narrated by Jeff Riggenbach.

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