The Skyscraper Curse

<h2 class="page-title" style="box-sizing: border-box; color: #38709e; font-family: crimson_text, Georgia, &quot;Times New Roman&quot;, Times, serif; font-size: 25px; line-height: 1.1; margin: 0px 0px 16px; vertical-align: top;"> The Skyscraper Curse</h2> <div class="group-image-wrapper field-group-html-element pull-left" id="slideshow" style="background-color: white; box-sizing: border-box; caret-color: rgb(73, 78, 84); color: #494e54; float: left !important; font-family: myriad-pro, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px; margin-bottom: 6px; margin-right: 20px; width: 240px;"> <div class="image border-secondary" style="border-top-color: rgb(56, 112, 158); border-top-style: solid; border-top-width: 8px; box-sizing: border-box;"> <div class="flexslider optionset-node-slideshow flexslider-processed" id="flexslider-1" style="-webkit-box-shadow: none; background-color: transparent; border-bottom-left-radius: 4px; border-bottom-right-radius: 4px; border-top-left-radius: 4px; border-top-right-radius: 4px; border: 0px; box-shadow: none; box-sizing: border-box; margin: 0px; padding: 0px; position: relative; zoom: 1;"> <div class="flex-viewport" style="box-sizing: border-box; max-height: 2000px; overflow: hidden; position: relative; transition: all 1s ease;"> <ul class="slides" style="box-sizing: border-box; list-style: none; margin: 0px; padding: 0px; transform: translate3d(0px, 0px, 0px); transition-duration: 0s; width: 480px; zoom: 1;"> <li style="-webkit-backface-visibility: hidden; box-sizing: border-box; display: block; float: left; width: 240px;"><img alt="The Skyscraper Curse by Mark Thornton" draggable="false" src="https://mises-media.s3.amazonaws.com/styles/slideshow/s3/static-page/img/Skyscraper%20Curse_Thornton_750x516_20180809.png?itok=p3qj66NS" style="border: 0px; box-sizing: border-box; display: block; vertical-align: middle; width: 240px;" title="The Skyscraper Curse by Mark Thornton" typeof="foaf:Image" /></li> </ul> </div> </div> </div> </div> <div class="tags" style="box-sizing: border-box; color: #51585c; font-family: myriad-pro, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 11px; margin-bottom: 12.5px;"> <span class="tag-label bold" style="box-sizing: border-box; font-weight: 600; padding-right: 5px; text-transform: uppercase;">TAGS</span>&nbsp;<span style="box-sizing: border-box;"><a href="https://mises.org/topics/booms-and-busts" style="box-sizing: border-box; color: #51585c; text-decoration: none;">Booms and Busts</a></span><span style="box-sizing: border-box;"><a href="https://mises.org/topics/fed" style="box-sizing: border-box; color: #51585c; text-decoration: none;">The Fed</a></span><span style="box-sizing: border-box;"><a href="https://mises.org/topics/us-economy" style="box-sizing: border-box; color: #51585c; text-decoration: none;">U.S. Economy</a></span></div> <section class="group-date-author" style="box-sizing: border-box; caret-color: rgb(73, 78, 84); color: #494e54; font-family: myriad-pro, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px;"><span class="date" style="box-sizing: border-box; color: #00426b; font-weight: 600; text-transform: uppercase;">08/09/2018&nbsp;</span><span class="author" style="box-sizing: border-box;"><a href="https://mises.org/profile/mark-thornton" style="box-sizing: border-box; color: #00426b; text-decoration: none;">Mark Thornton</a></span></section><div class="body-content" style="box-sizing: border-box; caret-color: rgb(73, 78, 84); color: #494e54; font-family: myriad-pro, &quot;Helvetica Neue&quot;, Helvetica, Arial, sans-serif; font-size: 15px; padding-bottom: 0px;"> <div style="box-sizing: border-box; margin-bottom: 12.5px;"> Mark Thornton's definitive work on booms and busts. His now-infamous Skyscraper Index theory draws the connection between loose monetary policy, artificially low interest rates, and vanity construction projects.</div> <div style="box-sizing: border-box; margin-bottom: 12.5px;"> This audiobook is made available through the generosity of Mr. Tyler Folger. Narrated by Graham Wright.</div> <div style="box-sizing: border-box; margin-bottom: 12.5px;"> <br /></div> <div style="box-sizing: border-box; margin-bottom: 12.5px;"> <a href="http://mp3.anarchistphilosophies.com/theskyscrapercurse.mp3" rel="noopener noreferrer" style="background-color: #38709e; background-image: none; border-bottom-left-radius: 5px; border-bottom-right-radius: 5px; border-color: rgb(56, 112, 158); border-top-left-radius: 5px; border-top-right-radius: 5px; box-sizing: border-box; color: white; cursor: pointer; display: inline-block; font-size: 13px; line-height: 1.25; margin-bottom: 0px; padding: 6px 10px; text-align: center; text-decoration: none; vertical-align: middle; white-space: nowrap;" target="_blank" title="00_Foreword_SkyscraperCurse.mp3" type="audio/mpeg; length=10692075">Download audio file</a></div> <div style="box-sizing: border-box; margin-bottom: 12.5px;"> <a class="" href="https://mises.org/library/skyscraper-curse-1" style="box-sizing: border-box; color: #51585c; font-size: 14px; text-decoration: none; text-transform: uppercase;">READ MORE</a></div> </div>