Mises Daily
Author:
Michael Pollaro
Online Publish Date:
[An earlier version of this article appeared on Forbes.com, April 27, 2012.] To Austrians, all economic “booms” founded on monetary largesse always end in economic busts, roughly equal in size and intensity to the preceding booms. By distorting interest-rate and price signals and, as a consequence, creating malinvestments that must eventually be