Why is the stock market plunging?

posted by
August 8, 2011
Ludwig von Mises Institute
by Robert P. Murphy  
Posted in Commentary

"Investors the world over are still reeling from last Thursday's massive plunge in the US equity markets, in which the major indices all gave up more than 4 percent. It was the worst day for the US stock market since December 2008. None of this should surprise those conversant with Austrian economics." (08/08/11)


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