Mises Daily
Author:
Kel Kelly
Online Publish Date:
[An MP3 audio file of this article, narrated by Keith Hocker, is available for download .] “A growing economy consists of prices falling, not rising.” The stock market does not work the way most people think. A commonly held belief — on Main Street as well as on Wall Street — is that a stock-market boom is the reflection of a progressing economy: