Capital and Interest Theory

Displaying 1 - 10 of 694

Taxing Capital Leads to Capital Consumption

Economic PolicyCapital and Interest Theory

Blog05/12/2023

Progressive governments in the name of equity are calling for taxation of capital gains. They really are demanding destruction of capital through capital consumption.

Read More

Time Preference and Success: Is There Any Link?

Capital and Interest TheoryPraxeology

Blog04/24/2023

Austrian economists have long emphasized the importance of time preference in determination of interest rates and the direction of the economy. Here is more evidence of why that is true.

Read More

The Corporate Fairy Tale Is Dying as Economic Reality Sets In

Booms and BustsBusiness CyclesCapital and Interest Theory

Blog12/10/2022

For nearly two decades, business, academic, and political elites have spread the fiction that central banks can engineer prosperity by printing more money. Markets now are discrediting that fairy tale.

Read More

Reflections upon the Centennial of Mises's Socialism

SocialismCapital and Interest Theory

Blog12/03/2022

It has been a hundred years since Mises published Socialism. It is more relevant than ever.

Read More

Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates

Central BanksThe FedInflationCapital and Interest Theory

Blog11/16/2022

The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.

Read More

Facts and Data Have No Meaning without a Theory to Explain Them

Capital and Interest TheoryPraxeology

Blog11/04/2022

Mainstream economists claim that data alone can explain economic actions. Austrians know that without theory, data explains nothing.

Read More

Do We Want Real Tax Cuts? How About Cutting Government Spending?

KeynesTaxes and SpendingCapital and Interest Theory

Blog08/31/2022

Keynesians claim that tax cuts are good because they help increase consumer spending. But here's why this doesn't matter.

Read More

Thomas Piketty Wants to Bring Back Communism in the Guise of Democratic Socialism

Free MarketsSocialismCapital and Interest Theory

Blog08/11/2022

Thomas Piketty writes about equality and believes that reimposing communism in the West will achieve it. Mark Thornton disagrees.

Read More

Austrian Economics and the Capital Asset Pricing Model: A Reconcilation?

Financial MarketsCapital and Interest Theory

Blog08/02/2022

Academic finance makes a lot of use of the capital asset pricing model (CAPM), but is it compatible with Austrian economics? Indeed, Austrians do have something to say, thanks to Mises and Rothbard and Austrian capital theory.

Read More