A History of Economic Booms and Busts

Learn Liberty, once again, has put out an excellent video giving insights into our last economic downturn.   Steven Davies‘ analysis is in the Austrian School tradition.  He touches on malinvestment which is typically caused by lowering the price of money.  This cheap money entices individuals to speculate far beyond what would naturally happen and is the source for the bubble.

My hope is more people become aware of the challenges of trying to manipulate the markets from a central planning aspect.  My hope for investors is that they recognize this is one source of their anxiety.

Chin up!  Eventually the malinvestment unwinds.



About Christopher Hessenflow

Christopher Hessenflow is a financial planner in the Chicago area. He works with all sorts of people who are much more interesting than he is. He enjoys his career which lends him time to think and, sometimes, be creative. Chip was born bald.
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