Ep. 273 The Austrian Theory of Interest, Current and Future
Bob Murphy Show
00:00
The Nub and Kern of the Theory of Interest
The bombaverx audio theory of interest starts out by saying there's a difference in valuation. Present goods are as a general rule worth more than future goods of equal quality and quantity. In an economy that's a pure endowment economy, there's no physical production or that there's certainly no investment. It's just there's two coconut trees shooting out a hundred coconuts every period.
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