Kevin Dowd is a lifelong libertarian economist whose main work has been on free banking and financial laissez-faire. He has recently retired from the University of Nottingham in England and lives in Sheffield, England, with his wife and their two daughters. His next book (written with Martin Hutchinson), Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System, is due to be published by Wiley in May.
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