EPISODE · Mar 28, 2019 · 56 MIN
The Theory of Interest Rates
from The Human Action Podcast · host Mises Institute
What are interest rates, where do they come from, and what purpose do they serve? Smith, Marx, and Keynes got these questions wrong; Turgot, Böhm-Bawerk, and Mises got them right. Economist Jeffrey Herbener from Grove City College explains. Readings: "The Brilliance of Turgot" by Murray Rothbard (mises.org/library/brilliance-turgot) Profile of Böhm-Bawerk by Roger Garrison (mises.org/bawerk)
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The Theory of Interest Rates
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