Our Obsession with Consumption — while Ignoring Saving and Investment — Is a Big Problem
Without saving and investment, there can be no material progress — which is necessary for cultural progress and flourishing.
Capital and Interest Theory
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Is There a Difference Between Economic Power and Political Power?
Critics of capitalism are often confused by the difference between political and economic power.
Why the Cleveland Browns Need More than Draft Capital to Be Successful
The Cleveland Browns enter this year's NFL draft with a tremendous capital advantage to other teams. That's not enough to guarantee their success.
A Comparison of Investment and Cash Building of Savings: A Rejoinder
This paper looks at the differences between investment and cash building and if either one offers additional benefits.
Is Garrison’s Notion of “Secular Growth” Compatible With the Solow Growth Literature?
The present paper clarifies ambiguities from earlier discussions of whether Garrison’s usage of “secular growth” is more likely to resonate with a neoclassical or Austrian reader.
Fake Women and Phony Interest Rates
Today's central-bank induced low, low interest rates are making massive debt look much more attractive than it should.
A New Collection on Austrian Economics
This collection provides an overview of several promising developments relating to core problems in Austrian economics.
The Fed’s Fantasy on Neutral Interest Rates
The Fed is trying to establish a level of interest rate that corresponds to the conditions of the free market. Unfortunately, this is impossible.
Interest and the Length of Production: A Reply
A lower interest rate does lead to building more of the capital structure supplemented by reallocation of labor into later stages of production.
Capital As a Form of Charity
Both fact and logic seem to support the view that savings invested in privately owned economic tools of production amount to an act of charity.
