This video is too good not share…..
The battle rages on.
Hayek is right by the way, speculative bubbles lead to malinvestment—big time.
Just think what we could have done with the trillions spent on McMansions, granite countertops, and hot tubs.
A consumption based bubble is nothing more than a fools errand.
Related Articles:
Ron Paul’s “National Nightmare”
There Is No Free Market in America
To learn more about Wealth Daily click here
