Popular Interest Rate Theory Describes but Fails to Explain
Audio Mises Wire · Mises Institute
March 16, 2026
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Show Notes
Milton Friedman and others tried to explain interest rates using liquidity, economic activity, and inflation expectations. These things, however, only describe interest but do not explain it. Only the Austrian theory of time preference correctly explains interest.
Original article: https://mises.org/mises-wire/popular-interest-rate-theory-describes-fails-explain
Topics
Capital and Interest TheoryMoney SupplyOther Schools of Thought