Austrian Theories of Interest
Robert Murphy explains the process of setting interest rates in a free economy. Recorded on 25 June 2003.
Robert Murphy explains the process of setting interest rates in a free economy. Recorded on 25 June 2003.
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(25:00)
Recorded at the Reassessing the Presidency seminar; March 2004.
Many believe that if governments would just issue greater quantities of money then all problems would be solved. In truth that would create unsurmountable problems by lowering the purchasing power of each money unit. Money is the one good that is not made better by increasing its supply.