Paying the Piper: Time to Clean Up the Latest Malinvestments

Tags Booms and BustsThe FedInflationMonetary PolicyBusiness Cycles

05/17/2023Doug French

Narrator:

Austrian business cycle theory points out that easy money leads to malinvestments. Once easy money disappears, the crash begins. Time to clean up malinvested assets.

Original Article: "Paying the Piper: Time to Clean Up the Latest Malinvestments"

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Author:

Doug French

Douglas French is President Emeritus of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply, and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.