The Traderszone Network

Published in TZ Latest News 8 June, 2014 by The TZ Newswire Staff

Everything Popular Is Wrong: Malinvestment And Consumers

Submitted by J. Dayne Girard of The Ludwig von Mises Institute,

“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.

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