ore apparent that money and capital markets react in a similar way to the labor market: policy intervention has its limits. In 1928, the economist Ludwig von Mises postulated that excessive monetary growth led to artificially low interest rates and swelling credit' and that part of the borrowed money would be

ore apparent that money and capital markets react in a similar way to the labor market: policy intervention has its limits. In 1928, the economist Ludwig von Mises postulated that excessive monetary growth led to artificially low interest rates and swelling credit' and that part of the borrowed money would be

ly without having to significantly reduce the price. Listed companies are traded on a public exchange; non-listed companies aro traded privately. Ludwig von Mises was a follower of the Austrian School of Economics, which attributed the booms and crashes on money creation and money destruction. From 1945 to 19