Ep. 273 The Austrian Theory of Interest, Current and Future
Bob Murphy Show
00:00
The Naive Productivity Theory
Allah Bambahvark, who is what Frank Federer and then Mises and Rothbard picked up on alleged. He doesn't remember he blew up productivity. No, what he blew up here was a naive productivity theory. And so the naive productivity theory, I'm just looking at the clock here. So I'm not going to quote from BambahVark. But the reason the capitalist who invests in capital goods can earn a return is that those capital goods are productive.
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