Mises Daily
Author:
Thorsten Polleit
Online Publish Date:
Eugen von Böhm-Bawerk (1851–1914) expressed concern that the interest rate might not get rid of its “moral shade” (”moralischer Schatten”). Indeed, people have actually been looking upon the interest rate phenomenon with animosity for centuries. Back in the middle ages those who dealt with money lending tended to be exposed to heavy