The Theory of Interest Rates
Channel: misesmedia
Date: 2019-03-28

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 (Mises.org/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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