George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Showing posts with label interest. Show all posts
Showing posts with label interest. Show all posts
Saturday, January 12, 2008

Credit Expansion, Economic Inequality, and Stagnant Wages

›
Capital in the form of credit is normally and, certainly, properly, extended out of previously accumulated savings. In sharpest contrast, cr...
›
Home
View web version
Powered by Blogger.