The Misdirection of Resources and the Current Recession – Mario J. Rizzo – Mises Institute / February 20, 2009

Excerpt:

“Trying to prop up housing prices or injecting capital into areas of misallocation is a bad idea. It prevents the market’s corrective mechanisms from working. Wealth should not be continually destroyed after the errors of the bubble have been revealed. This is the proverbial practice of throwing good money after bad.”

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