The Market Economy as Affected by the Recurrence of the Trade Cycle

06/18/2010 Ludwig von Mises

People rebel against the insight that the malinvestment and overconsumption of the boom period are the cause of the bust. They refuse to believe that such an artificially induced boom is doomed. They are looking for the philosophers’ stone to make it last, writes Ludwig von Mises (1881–1973).

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