Capital and Interest Theory

Capital is the starting point of economic calculation.

Time is an irreversible flux. Each moment has a unique place in the sequence of moments of time with respect to action.

"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community."

MMT champion Warren Mosler claims that Fed rate hikes lead to larger government interest expenses and hence support economic growth and inflation. Bob presents both theoretical and empirical evidence against Mosler's claims.

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

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

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.

Jeff and Edward Chancellor discuss The Price of Time and delve into the all-important topic of market-set interest rates as an important indicator of a healthy society, and why manipulating them is so harmful. The current system isn't working, so what can be done?

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.

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.