>>If it isn’t “human nature,” what is it, a remote control?
human nature + government intervention in the economy that leads people to make mistakes of judgment.
This is not to say that people don’t make mistakes otherwise, just that the mistakes would be much less severe and prolonged if the government did not put its finger on the balance.
>>And who forces people make “malinvestments?”
No one is forced. That’s why we get to kid ourselves that we still have a free economy.
>And does one always know what a “malinvestment” or what
>”too much debt” is before conditions have changes enough to make them so?
No, we don’t know what the malinvestments are until something blows up. We don’t know who isn’t wearing a bathing suit until the tide goes out.
dude, get ahold of yourself.