Mises Wire
Author:
Antoin E. Murphy
Online Publish Date:
Journal of Libertarian Studies 19, no. 3 (Summer 2005) MALINVESTMENT” ENOUGH TO GO BUST? By Enrico Colombatto. The business cycle refers to fairly broad changes in economic activity according to a well-identified sequence, which includes a boom, a crisis, a period of stagnation, and then a new expansion. This sequence tends to repeat itself; but