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Wealth is exchanged on a daily basis without regards to compensation. Individuals exchange monetary assets for goods and services and then proceed to wait for the return of their change. While this process takes place there is a surplus and a deficit of wealth that remains stagnate. Let me offer an example...
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Time and time again I hear the mantra that low interest rates inevitably leads to high inflation - but how come Japan has managed to have a combination of near zero interest rates and near zero inflation for such a long time?...
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Hey all, I've seen this topic come up before, I've read Human Action completely including the section on originary interest, and I'm half-way through chapter 6 of MES regarding interest, yet my head hurts when I try to explain to myself or to anyone else what interest is and how it works...