Capital and Interest Theory

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Frank Shostak

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.

Frank Shostak

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

Frank Shostak

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

Mark Thornton

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

Heiko de Boer

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.