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The boom squanders through malinvestment scarce factors of production and reduces the stock available through overconsumption its alleged blessings are paid for by impoverishment.

Ludwig von Mises

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Ludwig von Mises
Age: 92 †
Born: 1881
Born: September 29
Died: 1973
Died: October 10
Economist
Philosopher
University Teacher
Writer
Lemberg
Austria
Ludwig Heinrich Edler von Mises
Ludwig Heinrich Mises
Factors
Impoverishment
Productions
Alleged
Available
Reduces
Blessing
Boom
Paid
Scarce
Blessings
Stock
Production
Squanders

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He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.
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