Capital and Interest Theory

The student loan scandal concerns the fact that many colleges and universities chose preferred lenders for financing student loans and then received remuneration for their recommendations from the lenders. The scandal has been going on since mid-March. Thus, it is startling to learn that it was...

I was amazed that when Muhammad Yunus, head of the state-supported, quasi-socialist, regimentation-promoting Grameen Bank, received his Nobel Prize that free-market commentators bought into the propaganda. They threw their hats in the air, and their brains too. It reminded me of how...

I remember Mama. She was a shopper along with her other talents. And since baby sitters were beyond the means of middle class families of her era, she took the 6 year old who was to become me, along. Clinging to her discounted skirts, I caught the shopping bug. It was a life-long infection. I...

A correspondent on the LRC blog refers to the

"....ominous growth in dollar denominated debt instruments held by foreign central banks and foreign investors ...the impact...when foreigners finally...