09/11/2018 Ludwig von Mises
„The boom is built on the sands of banknotes and deposits. It must collapse.“
The erroneous belief that the essential feature of the boom is overinvestment and not malinvestment is due to the habit of judging conditions merely according to what is perceptible and tangible. The observer notices only the malinvestments which are visible and ……………………
https://mises.org/library/malinvestment-not-overinvestment-causes-booms