Mises Wire
Author:
Brendan Brown
Online Publish Date:
— go through a mid-late phase where speculative temperatures fall sharply in some markets which were previously hot. Overinvestment, falling profits, and a — the bursting of the Florida land bubble and then the crash of the Berlin equity market. The huge carry trade into the world’s then number-two economy, the Weimar have stymied these. In any case, counterfactual historians could argue that the failure of the “Eccles put” prevented a bigger bust further down the line. The