The so-called art of central banking lies in picking the "right" target interest rate. But, there's no way to know the "correct" rate without giving markets freedom from central bankers.
It is a common idea that an increased quantity of money in an economy decreases the rate of interest. This idea is not always true or accurate.
Interest rates, like any important price, are complex phenomena that are determined by several factors, each of which can change in varying, or even contradictory, ways.
A history of statism and credit expansion that demonstrates the failure of Keynesian policy. (Analysis by Jeffrey Herbener)
Gary North shows how Rothbard always had the ability to go to the central issue in a debate. He wrote clearly. He wrote continuously. He wrote for almost anyone who would give him an opportunity to put an idea in print.
"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community."
Larry Sechrest provides a concise (4000-word) explanation of the concepts of malinvestment and overinvestment and how they help us understand economic depressions and the boom-bust cycle.
At the 2021 AERC, Jeff Herbener presented a defense of the pure time preference theory of interest, and mentioned Bob’s critique of it. This episode is a very informative discussion of their views.
