Eric Phillips is a writer from Philadelphia, currently studying economic history in graduate school. He is the founder of the blog Notes & Observations. His articles have been featured on Mises.org, LewRockwell.com, EconomicPolicyJournal.com, and in Taki’s Magazine.
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Ludwig von Mises: "Interest is the difference in the valuation of present goods and future goods; it is the discount in the valuation of future goods as against that of present goods." - Planning for Freedom