Capital and Interest Theory

Displaying 21 - 30 of 710

How the Fed's Tampering with the Policy Rate Affects the Yield Curve

Central BanksThe FedBusiness CyclesCapital and Interest Theory

Blog04/16/2022

Thanks to the Fed's monetary gyrations, we are seeing the yield curve acting abnormally. However, one cannot get something from nothing and market forces ultimately will frustrate the Fed's designs.

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Robots Won't Destroy Us: How Automation Creates Jobs

Labor and WagesCalculation and KnowledgeCapital and Interest TheoryProduction Theory

Blog04/10/2021

The goods created by automation—and the labor freed up by it—become inputs for industries downstream.

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Why Socialism Won’t End Worker "Exploitation"

Labor and WagesSocialismCapital and Interest Theory

Blog11/03/2020

Economic realities mean the socialist state would need to utilize the same method of discounting wages as capitalists do. The only difference is that under socialism, bureaucrats would do the "exploitation."

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The Saving Problem in America: Alternatives and Reforms

Monetary PolicyTaxes and SpendingCapital and Interest Theory

Blog09/15/2020

Savings are the foundation for a productive and advanced economy. Unfortunately, governments insist on policies that make it harder for ordinary people to save.

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The Social and Economic Side Effects of Negative Interest Rates

InflationCapital and Interest Theory

Blog08/26/2020

Negative interest rates lead to zombie firms, rampant consumerism, and growing obstacles to entrepreneurship. 

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The Social Consequences of Zero Interest Rates

Media and CultureMonetary PolicyCapital and Interest Theory

Blog07/04/2020

As Japan has shown, ultralow interest rates can greatly affect a society that was once impressively focused on innovation and investment.

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Rothbard on Why We Need Entrepreneurs

CapitalismCapital and Interest TheoryEntrepreneurship

Blog04/20/2020

Capitalists and entrepreneurs serve distinct functions in the real economy. Capitalists save money that then maintains production processes until final goods are produced. Entrepreneurs adjust the capital structure in light of uncertainty to produce the most desired goods. Capitalists are ...

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Keynes and the Euthanasia of the Rentier

Financial MarketsCapital and Interest TheoryOther Schools of Thought

Blog04/04/2020

Over eighty years ago, Keynes condemned the rentier and welcomed his future disappearance. Following in his footsteps, politicians and central bankers today are ever closer to effectively bringing this about.

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The Era of Boom and Bust Isn't Over

Booms and BustsBusiness CyclesCapital and Interest Theory

Blog01/31/2020

Central banks have done nothing to end the boom-and-bust cycle. Instead, their unscrupulous interventions in credit markets just prolong the boom. But it's a huge mistake to assume that bringing market interest rates to zero will create a perpetual boom.

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The Bank of England's Governor Fears a Liquidity Trap

Money and BanksCapital and Interest TheoryMoney and BankingOther Schools of Thought

Blog01/17/2020

The demand for goods is not constrained by the amount of money, but by the production of goods and services available to trade for money.

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