The Theory of Interest Rates
What are interest rates, where do they come from,…
March 28, 201956m 45s
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Show Notes
What are interest rates, where do they come from, and what purpose do they serve? Smith, Marx, and Keynes got these questions wrong; Turgot, Böhm-Bawerk, and Mises got them right. Economist Jeffrey Herbener from Grove City College explains.
Readings:
"The Brilliance of Turgot" by Murray Rothbard (mises.org/library/brilliance-turgot)
Profile of Böhm-Bawerk by Roger Garrison (mises.org/bawerk)