Malinvestments and Interest Rates
Dr. Mark Thornton is interviewed on the RT program, "Boom Bust". He discusses malinvestments stimulated by artificially lowered interest rates.
Quotes discussed in the interview:
"The lowering of the rate of interest stimulates economic activity. Projects which would not have been thought "profitable" if the rate of interest had not been influenced by the manipulations of the banks, and which, therefore, would not have been undertaken, are nevertheless found "profitable" and can be initiated." -Ludwig Von Mises in The Austrian Theory of the Trade Cycle and Other Essays, Page 28
"The crisis…
The skinny
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