Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
[This Study Guide to Human Action , Chapter XX is also available in PDF .] CHAPTER XX. INTEREST, CREDIT EXPANSION, AND THE TRADE CYCLE CHAPTER SUMMARY 1. The Problems The neutral rate of interest is the hypothetical, single rate of originary interest — i.e., the rate of markup on consumer goods compared to their factors of production — that would