Further Considerations in the Theory of Interest
Advanced lecture on the theory of pure interest, discussing its pros and cons as compared to other theories, and its relationship with capital theo
Capital and Interest Theory
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Catallactic Unemployment
In a free market, an unemployed man has always chosen unemployment over working in a place, at a time, in a way, or for a wage that he dislikes, wr
Defending the Slumlord
The owner of ghetto housing differs little from any other purveyor of low-cost merchandise, writes Walter Block.
The Role Played by Unemployed Factors of Production in the First Stages of the Boom
The beginning of a new credit expansion runs across remainders of preceding malinvestment and malemployment, not yet obliterated in the course of t
The Market Economy as Affected by the Recurrence of the Trade Cycle
People rebel against the insight that the malinvestment and overconsumption of the boom period are the cause of the bust.
27. Interest Rates
From Part I of A History of Money and Banking in the United States: The Colonial Era to World War II: “The History of Money and Bank
Defending the Speculator
The truth of the matter is that, far from causing starvation and famines, it is the speculator who prevents them.
Credit Expansion vs. Simple Inflation
There are instances in which the methods of genuine credit expansion are used for an utterly different purpose: to allow the government to take adv
