All Posts Tagged With: "interest"
The Fatal Conceit
The politicians are confident that they can wisely spend trillions of your dollars. The arrogance of the political class is stunning.
17Jun2009 | John Stossel | 10 comments | ContinuedUnderstanding Austrian Economics, Part 1
Austrian economics owes its name to the historic fact that it was founded and first elaborated by three Austrians—Carl Menger (1840–1921), Friedrich von Wieser (1851–1926), and Eugen von Böhm-Bawerk (1851–1914). The latter two built upon Menger, though Böhm-Bawerk, in particular, made important additional contributions. Menger’s great work, translated into English (but not until seventy-nine years [...]
1Oct2003 | Henry Hazlitt | 3 comments | ContinuedThe Structure of Liberty: Justice and the Rule of Law
In The Structure of Liberty, Boston University law professor Randy Barnett identifies the fundamental problems that must be recognized in order to create a proper foundation for society: the problems of knowledge, interest, and power. Those problems arise because both physical resources and human abilities are scarce, because altruism is limited, and because humans are [...]
1Sep1999 | Bruce L. Benson | 1 comment | ContinuedMoney and the Nation State: The Financial Revolution, Government and the World Monetary System
Bert Ely is a financial institutions and monetary policy consultant in Alexandria, Virginia. This is a book on a vital—and much misunderstood—topic. It is sometimes excellent, but largely disappointing. The book consists of 13 chapters divided into three sections: The History of the Modern International Monetary System, Modern Money and Central Banking, and Foundations for [...]
1Jun1999 | Bert Ely | 1 comment | ContinuedThe Undiscountable Professor Kirzner
Eugen von Böhm-Bawerk, whose name has come to be virtually synonymous with roundaboutness (of capital-using production processes), penned the original Austrian perspective on capital and interest. He wrote three volumes (History and Critique, Positive Theory, and Further Essays) over a span of a quarter of a century (1884-1909). In 1959 the 1,200-plus pages of Capital [...]
1Aug1997 | Roger W. Garrison | 0 comments | ContinuedGovernment Lending
Persons tempted to seek government credit might be interested in this “other side” of the story of government lending activities. Government lending is not limited to the lending of money. The government’s guarantee, when it is held by private people, is no less a pledge of the public credit than is the government’s direct loan [...]
1Jul1956 | Henry Hazlitt | 0 comments | Continued-
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