Time and Money
Professor Roger Garrison discusses Time and Money at the 2002 Austrian Scholars Conference.
Professor Roger Garrison discusses Time and Money at the 2002 Austrian Scholars Conference.
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(25:00)
Profit is total revenue minus total costs. Ours is not just a profit system, it is a profit and loss system. Losses are a sign that you wasted land, labor, or capital, yet those who make profits are criticized.
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(29:32)
Robert Murphy explains the process of setting interest rates in a free economy. Recorded on 25 June 2003.