garynargi

Everything Popular Is Wrong: Malinvestment and Consumers

In Uncategorized on June 3, 2014 at 3:21 am
Everything Popular Is Wrong: Malinvestment and Consumers
Malinvestment is a term usually reserved for the malinvested capital created by artificial credit expansion. Any government intervention in the economy, such as, loan programs, regulations, and subsidies, creates malinvestments. When government policies manipulate behavior, they cause malinvestment.
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