Mises posted essay by free market economist Dr. Thorsten Polleit .. explains how low central bank interest rates have been fueling asset price inflation .. emphasizes how the idea of central banks producing fake money out of thin air “induces a recurrence of boom and bust, bringing great misery for many people and businesses and eventually ruining the monetary and economic system” ..  it’s all about the unintended consequences of financial repression .. “Central banks — in cooperation with commercial banks — create additional money through credit expansion, thereby artificially lowering the market interest rates to below the level that would prevail if there was no credit and money expansion ‘out of thin air.’ .. Such a boom will end in a bust if and when credit and money expansion dries up and interest rates go up .. To keep the credit induced boom going, more credit and more money, provided at ever lower interest rates, are required. Somehow central bankers around the world seem to know this economic insight, as their policies have been desperately trying to encourage additional bank lending and money creation.” .. Polleit advises a “normalization” of higher interest rates as soon as possible, warns it will be very painful for the economy in the short-run but beneficial in the long-run.