Capital and Interest Theory

Contrary to popular belief, interest rates have nothing to do with money. The attempt to manipulate interest via the money supply can only cause distortions. 

The Fed, the media, and most economists agree: Spending is what drives an economy forward. Frank Shostak shows why this view is wholly incorrect.

Conservation is not an exercise in saving us from ourselves. It is an attempt by the political classes to criminalize choices that we would make in a free market.

Shelves of books have been written on Third-World poverty and its supposed cure. At last, here is one, by Hernando de Soto, that makes sense and is well worth reading.

The teachings of Carl Menger and Ludwig von Mises offer the answer to those who say we should dismantle civilization to meet the supposed needs of nature. A very powerful speech by George Reisman.

A former Fed chairman explains how the stock-market bubble has changed American values for the worse. Gregory Bresiger reports.

Peter Lewin here undertakes a difficult task and carries off his mission with notable success. He studied with the late Ludwig Lachmann, by whose thought he has been greatly influenced. 

He has succeeded in misleading almost everyone into accepting a bizarre and idiosyncratic view of the business cycle, writes Joseph Salerno.

Why do economists disagree on how to handle downturns? Chris Westley explains that some believe the market works and others do not.

The Austrian concept of capital envisions not a great blob, but complex orders of goods interlocked in complementary structures, writes Gene Callahan.