Capital and Interest Theory

I’m sure most readers of this blog are familiar with Julian Simon’s

Rockefeller, Carnegie, Dow, Hill, and other great American businessmen did more for America than all the big-government programs combined. These men were market entrepreneurs, not political ones.

Recorded at Mises University 2006.

Everybody worries about inflation these days. It’s chic. It’s trendy. And it gives me a great comeback to the boss at raise time.

All action takes time. Humans use time as a tool. Time preference ranking is now, not later, although time preferences will differ over time and for different people, like children who want things right now.

What principles determine the formation of prices on the free market? The equilibrium price between supply and demand determines prices according to the value scales of sellers and buyers and their elastic or inelastic positions.

For the third month in the row, “core” consumer prices, which the Fed and accordingly also financial markets have decided to focus on (

AOL News (AP) reports on a market solution to rising gas

From The Journal of Political Economy, Volume 43, Number 5, October 1935.

From Economica, No. 37, August 1932.