Industrial Production: Mining

<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhwLfLUiwzR567ephlU-F6YXauwYJFxMwaqkhzili-s2jDB4S2swCzQhxn2Bdi5GxyYU1IUKZBi_86G1kqxUVjXe6-Ifi848ydOAUA_rEn8dWxqthhC2kT-CnZwjbFUgW1sDhiyee-keTQ/s1600/Industrial+Production+-+Mining.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhwLfLUiwzR567ephlU-F6YXauwYJFxMwaqkhzili-s2jDB4S2swCzQhxn2Bdi5GxyYU1IUKZBi_86G1kqxUVjXe6-Ifi848ydOAUA_rEn8dWxqthhC2kT-CnZwjbFUgW1sDhiyee-keTQ/s320/Industrial+Production+-+Mining.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />1. Totally sustainable!<br />2. No malinvestment here!<br />3. Hyperinflation soon to follow!<br /><br />It's a sarcastic triple play!<br /><br /><a href="http://en.wikipedia.org/wiki/Malinvestment">Malinvestment</a><br /><br /><div style="color: #666666;"><i>Austrian economists such as Nobel laureate F. A. Hayek advocate the idea that malinvestment occurs due to the combination of fractional reserve banking and artificially low interest rates misleading relative price signals which eventually necessitate a corrective contraction—a boom followed by a bust.</i></div><br /><b>September 23, 2007</b><br /><a href="http://news-these-days.blogspot.com/2007/09/productivity-miracle.html">Productivity Miracle</a><br /><br /><div style="color: #666666;"><i>If I'm wrong to be a stagflationist, this is the sort of thing that would do me in. It is also something one needs to factor in when hoarding hard assets in general.</i></div><br /><a href="http://msgboard.snopes.com/cgi-bin/ultimatebb.cgi?ubb=get_topic;f=60;t=001174;p=1">Topic: Large mining equipment</a><br /><a href="http://img.photobucket.com/albums/v354/Bug_muldoon/20041210_226_grua2.jpg"><img border="0" height="286" src="http://img.photobucket.com/albums/v354/Bug_muldoon/20041210_226_grua2.jpg" style="cursor: hand; cursor: pointer;" width="400" /></a><br /><br /><div style="color: #666666;"><i>I find it all quite humbling. Don't you?</i></div><br /><b>See Also:</b><br /><a href="http://news-these-days.blogspot.com/2011/12/hyperinflation-theories-poned-again.html">Hyperinflation Theories Poned Again</a><br /><br /><b>Source Data:</b><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=oxU">St. Louis Fed: Industrial Production: Mining</a>

Industrial Production: Mining

Click to enlarge. 1. Totally sustainable! 2. No malinvestment here! 3. Hyperinflation soon to follow! It's a sarcastic triple play! Mali...

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