The Illusion of Wealth: Ludwig von Mises on the Business Cycle by Ludwig von Mises, Jeffrey Tucker, Robert P. Murphy

The Illusion of Wealth: Ludwig von Mises on the Business Cycle

Ludwig von Mises, Jeffrey Tucker, Robert P. Murphy

143 pages digital

1 edition

challenging informative medium-paced
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In a market, banks want to lend; they are restrained by risk. Government guarantees encourage risky lending. Artificially low interest rates — always cheered by indebted governments — signal to borrowers that there are more savings in the system t...

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