After my article “We shoulda seen it coming,” I received vast amounts of feedback from genuine entrepreneurs who talked of their personal experiences in dealing with Fed-induced cycles. I decided, then, to rewrite the article and expand it. The result is The Entrepreneur’s Guide to the Business Cycle.
Source link: http://archive.mises.org/3412/the-entrepreneurs-guide-to-the-business-cycle/
The Entrepreneur’s Guide to the Business Cycle
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Fascinating paper, Mr. Corrigan. However, do you think there is anything that the businessman can do as a precaution against the malinvestments of the boom? Such as, for example, being more weary of taking out loans? The ATBC says that the boom will be concentrated in the capital- vs. consumer-goods industries.
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