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Home | Library | Salmasius: High-Water Mark of Early-Modern Interest Theory

Salmasius: High-Water Mark of Early-Modern Interest Theory

  • Audio Mises Daily
March 3, 2010

Tags Capital and Interest TheoryPhilosophy and MethodologyProduction Theory

Salmasius pointed out that moneylending was a business like any other, and thereby entitled to charge a market price. Competition lowers the price. If one doesn't like high interest rates, the more usurers the better, writes Murray N. Rothbard (1926–1995).

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