Capital and Interest Theory

Recorded at the Mises Institute Supporters Summit, 31 October 2008; Auburn, Alabama.

Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama.

The mixing of politics and business not only is detrimental to politics, as is frequently observed, wrote Ludwig von Mises in 1926, but even much m

As I have read countless analysts, including professional economists, offer “solutions” to the financial crisis, I have become more con

Austrian school capital theory and business-cycle theory are the best I have found.

Interviewed on American Vigilance Coast to Coast with Blake and Mike, 12 October 2008.

Praxeology - economics - provides no ultimate ethical judgments: it simply furnishes the indispensable data necessary to make such judgments. Common criticisms of the free market are refuted praxeologically in this chapter. Absolute equality is an impossible goal.

"The essential flaw of so-called supply-side economics — the policy both of the Reagan administration and of the present Bush administration — was the failure to face up to the need to reduce government spending."

Here Rothbard deals with the pure rate of interest, as determined by time preference. It's a ratio of prices between present and future goods. The interest rate is equal to the rate of price spread in the various stages of production. It pervades all time markets.

Even simple people will discover that Keynes did not teach us how to perform the "miracle ... of turning a stone into bread," but the not at all miraculous procedure of eating the seed corn.