I’m driving past 20 miles of these empty railroad lumber transport cars in Eastern Oregon, which are being stored on an unused rail spur. The cars have been there for 2 years. A living image of the Hayekian malinvestment boom and bust cycle:
Random Quote
When the prophets and philosophers, from Moses to Plato and St Augustine, from Rousseau to Marx and Freud, protested against the prevailing morals, clearly none of them had any grasp of the extent to which the practices which they condemned had made possible the civilization of which they were a part. — F. A. Hayek
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