Capital and Interest Theory

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Stefan Karlsson

Greenspan speaks of a condundrum whereby long-term yields on government bonds are surprisingly low. Why anyone would invest in them is a legitimate question, writes Stefan Karlsson.

Thorsten Polleit

Eugen von Böhm-Bawerk expressed concern that the interest rate might not get rid of its "moral shade"—its moralischer Schatten. Thorsten Polleit chronicles the attempts to drive it to zero.

Frank Shostak

Greenspan says it is a puzzle why long-term rates remain low while short-term rates have risen. But Frank Shostak says that this is not a puzzle at all. 

Frank Shostak

Many commentators say that there is more than enough savings to support future growth. But Frank Shostak says there is a problem with this view.