Man, Economy, and State: Interest Rates

Kristoffer Hansen joins the show to discuss everything about interest rates, as detailed by Rothbard in Chapter 6 of Man, Economy, and State.

Hansen and Jeff Deist cover the “pure” rate of interest, expressed via time preference, and why the temporal nature of production helps us understand the premium for present goods relative to future goods. Far from exploiting workers or borrowers, capitalists actually advance money today in exchange for a more risky and uncertain return tomorrow—in the process making us all wealthier based on our individual subjective preferences.  At every stage of production, interest helps producers get the capital they need now to bring us, the consumer, all the goods and services we enjoy. This show explains why we can’t understand the productive economy without understanding interest rates.

Read the book free of charge in searchable HTML format here.

Use the code HAPOD for a discount on Man, Economy, and State from our bookstore: Mises.org/BuyMES

Additional Resources

Dr. Joe Salerno’s introduction to Man, Economy, and State: Mises.org/SalernoMES

Man, Economy, and State: Mises.org/MES