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Interesting in that this is the “malinvestment” that the Austrian School of Economics talks about.
Look at the lost “wealth” in those pictures.
(For those that skipped eckynomics in Gooferment Skrules, those “water parks” might have been “houses”. See the problem?)
Clearly, the free market, where someone risks their own money on an idea, is the best way to minimize the mistakes.
One problem, that Ron Paul points out on the national stage, is the “Federal Reserve System”. It engages in all sorts of non-free market activities that leads directly to those water parks aka malinvestments. The manipulation of interest rates denies the free market critical information about how much investment versus consumption is optimum.
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