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Home | Blog | A Bust from the Past

A Bust from the Past

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07/07/2011

Here is a good example of a malinvestment. Its the Sathorn Unique skyscraper from Thailand which was to be one of the biggest building in the country until the 1997 Asian Financial Crisis hit. Regulations in most countries require that the contractor finish the structure or at least make it look like it is finished. Not here in Thailand. I guess it also provides some support for the skyscraper thesis.

Mark Thornton is a Senior Fellow at the Mises Institute and the book review editor of the Quarterly Journal of Austrian Economics. He has authored seven books and is a frequent guest on national radio shows.

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