"Production has been altered in such a way that the length of waiting time has been extended. But the demand for consumers' goods has not dropped so as to make the available supply last for a longer period.
Men are always forced to choose between satisfaction in nearer and remoter periods of the future.
Interest is a homogeneous phenomenon. There are no different sources of interest.
In a few short hours, I was assaulted ten times with the demand that I display social consciousness.
Investment and lending abroad are only possible if the receiving nations are unconditionally and sincerely committed to the principle of private property and do not plan to expropriate the foreign capitalists at a later date.
Economics is about human choice and action. The praxeological concept of time is not the concept of physics or biology.
With an inflationary or deflationary policy, a government does not promote the public welfare, the commonweal, or the interests of the whole nation
Salmasius pointed out that moneylending was a business like any other, and thereby entitled to charge a market price.
As Böhm-Bawerk declared, Salmasius's views on usury were the high-water mark of interest theory, to remain so for over 100 years.
