Capital and Interest Theory

Recorded at Mises University 2009.

People are being told by governments, central bankers, and leading mainstream economists that money-base expansion is not inflationary — because th

In holding money, its owner gains in the satisfaction of being able to meet instantly, as they unpredictably arise, the widest range of future contingencies.

Doctrinally, "Keynesianism" would have to be regarded merely as a recent, one-way swing of the pendulum such as the world has often experienced before this time in the direction of distinct overvaluation of the possibilities and effects of monetary manipulations and alterations.

"The 'paradox of thrift' is actually an essential liquidation process that characterizes economic corrections."

"It is no coincidence that Mankiw's worldview leads him to literally propose destroying the currency in order to fix the economy."

If the current level of output and employment is made to depend on inflation, a slowing down in the pace of inflation will produce recessionary sym

John Maynard Keynes often employed flowery language like “animal spirits” and “liquidity trap” to describe things he did no

The German hyperinflation was the result of a policy that considered the financing of government debt by an accelerating increase in the money stoc

Since the heart of credit is real savings, it is obvious that no government schemes, such as cleansing banks' balance sheets, can increase fully backed credit.