Mises Wire
Author:
George Pickering
Online Publish Date:
easy credit, in the run-up to the 2007–8 financial crisis. Despite the widespread failure of mainstream economists to foresee the 2008 economic collapse, the of the forces currently forming unsustainable bubbles in an increasing number of markets throughout the economy. A recent Mises Wire article noted that similar forces have led to a boom in the subprime auto loan market, a bubble which threatens to be burst by an alarmingly sharp rise in