Investment or Malinvestment? (mises.org)
- Highlight Loc. 43-45 | Added on Thursday, January 19, 2012, 01:06 AM
There is no way to know if a particular sum of money, machine, building, or worker is put to a valuable, productive use, other than to put them to the test of the free market. Outside the free market, investing capital is like throwing darts blindfolded when you don't even know which direction the dartboard is.
