单词	malinvestment
释义	malinvestment /ˌmalɪnˈvɛstm(ə)nt / noun [mass noun] The action or fact of investing money in an ill-judged or wasteful way: overgenerous credit and monetary policies contributed to massive malinvestment... What has to be done is to shun policies like credit expansion which artificially foster malinvestment. Artificial credit expansion credit not funded by savings creates the business cycle by spawning capital malinvestment. Consequently all the resulting malinvestment does not result in longer processes.
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