Capital and Interest Theory

In their new book “Money”, Steve Forbes and Elizabeth Ames write with insight about the dangers of inflation and easy money, but ultima

This lecture by Jeffrey Herbener was presented at the 2012 Mises University in Auburn, Alabama.

Are we in a recovery? There has been no true recovery since 2008.  Private savings rate went down to zero during the boom. Traditional savings rate of Americans has been ten percent.

In this course, Robert Murphy, author of the study guide to Murray Rothbard's masterpiece, 'Man, Economy, and State', will guide you through the chapters in which the market economy can finally be seen as an integrated system.

Austrians have a different point of view about economic growth. Growth requires four ingredients: domestic private investment, sound money, private property, and free markets.

Private property enabled all growth. Division of labor found employment for each man. Exchange is a win-win action. Risk taking tests ideas. Capital accumulation as production to make other things. The desire for a better life and the belief that it can happen.

Not unlike governments, ponzi schemer Bernie Madoff used his victims’ money to exhibit his “generosity” through charitable giving

Drug warriors rely on bad and manipulated data to make the claim that respecting private property rights in Colorado is “terrible public policy,” w

The purpose of this paper is to explain the marginal efficiency of capital. The net present value diagram is derived and used to illustrate how the interest rate regulates the intertemporal allocation of resources.

Last week’s decision by the ECB to cross the border into negative territory marks a historic event and shows just how far central banks are willing to go to destroy the global economy.