Comment: Will it get better anytime soon? I do not think so. Too much malinvestment has been accumulated over the past decades. Fiscal and monetary stimuli were applied to prevent any correction, which, when applied in time, would have been rather harmless. Yet policymakers, fiscal and monetary, wanted to take the pride to make the economy grow without rest. What an illusion. What hubris. Now comes payback time. We Austrian economists screamed our lungs out in warnings, but as long as the boat was floating almost nobody wanted to know that the boat had a big hole.
Backgrounders:
http://mises.org/daily/1873
http://mises.org/daily/1877
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