We’re now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of this, and in understanding the impossibility of a negative “natural” or “originary” interest rate, writes Thorsten Polleit . This audio Mises Daily is narrated by Robert
The US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period of virtually zero interest rates, a ramping up of borrowing costs will certainly have tremendous consequences. It will be like taking away the punch bowl on which all the party fun rests. Low Central Bank
On 16 to 17 January 2015, the Ludwig von Mises Institut Deutschland held its first academic “Ludwig von Mises Seminar” in Frankfurt, Germany. Hans-Hermann Hoppe, Guido Hülsmann, Philipp Bagus, and Thorsten Polleit gave lectures on methodology, the origin of the Austrian School, the state, business cycle theory, interventionism, monetary theory,
Some economists have been arguing that the “equilibrium real interest rate” (that is the “natural interest rate” or the “originary interest rate”) has become negative , as a “secular stagnation” has allegedly caused a “savings glut.” The idea is that savings exceed investment, and that a negative real interest rate is required for bringing savings
Waiting for Godot is a play written by the Irish novelist Samuel B. Beckett in the late 1940s in which two characters, Vladimir and Estragon, keep waiting endlessly and in vain for the coming of someone named Godot. The storyline bears some resemblance to the Federal Reserve’s talk about raising interest rates. Since spring 2013, the Fed has been
Esperando a Godot es una obra teatral del novelista irlandés Samuel B. Beckett a finales de la década de 1940, en la que dos personajes, Vladimir y Estragon esperan eternamente y en vano la llegada de alguien llamado Godot. La historia muestra ciertas semejanzas con las expresiones de la Reserva Federal acerca del aumento de tipos de interés.
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.