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Everything Popular Is Wrong: Malinvestment and Consumers

Source: https://mises.org

By J. Dayne Girard

Everything Popular Is Wrong: Malinvestment and Consumers

“Everything popular is wrong” — Oscar Wilde’s famous quote can be supported by economic theory. One of the seemingly neglected aspects of malinvestment is the effect it has upon the popular perception of products, services, and lifestyles.

Malinvestment, while misunderstood by many, is…

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#economic intervention #economic investment #economic theory #government #government intervention #malinvestment #mises.org #misinformation #Regulation

I love how neocons preach that the need to police the world from the evil forces of Iran, Russia, China, and North Korea is necessary, but make no effort or outright are against stopping or dismantling financial institutions and government agencies that use the taxpayers' money to fund said evil. Ok, then!

#U.S. Foreign Policy #Foreign Aid #Economic Intervention #Don't mind me just complaining about the system here.

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