 The skyscraper curse is that eerie correlation between the building of the world's tallest structures and economic crises. This correlation dates back more than a century. The Metropolitan Life Building coincided with the Panic of 1907. The Chrysler Building coincided with the Great Depression. More recently, the Burj Dubai Tower set the record in 2007, coinciding with the housing bubble in the financial crisis. And the shard building in London set the European record and ushered in the European economic crisis. Right now, there are new projects underway to set tallest building records around the globe. The reason for this coincidence is that banks and central banks are issuing too much credit and setting interest rates artificially too low, causing speculative credit booms. Mises said that speculative credit booms are built on the sands of banknotes and deposits and must collapse. And that's the Mises view.