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Why This Bubble Economy Keeps Going and Going | Thorsten Polleit
| Current global bailouts may put off global busts for quite some time. But they will weaken output and employment gains. People’s standard of living will stagnate or even fall, even in the short term. With this comes impoverishment and perhaps even social unrest.
Original article: https://mises.org/wire/why-bubble-economy-keeps-going-and-going
Narrated by Daniella Bassi.
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Dr. Thorsten Polleit, Chief Economist of Degussa and macro-economic advisor to the P&R REAL VALUE fund. He is Honorary Professor at the University of Bayreuth.
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