"Panics do not destroy capital; they merely reveal the extent to which it
has been destroyed by its betrayal into hopelessly unproductive works." John Mills
On Credit Cycles and the Origin of Commercial Panics (1867).
Read more on Malinvestment.
Basically it's the distortion of pricing thus preventing investors from correctly assessing the market. In my case, government setting "scales" distorts the actual worth of a worker thus needlessly increasing my costs.
On Credit Cycles and the Origin of Commercial Panics (1867).
Read more on Malinvestment.
Basically it's the distortion of pricing thus preventing investors from correctly assessing the market. In my case, government setting "scales" distorts the actual worth of a worker thus needlessly increasing my costs.
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Mysterious and anonymous comments as well as those laced with cyanide and ad hominen attacks will be deleted. Thank you for your attention, chumps.