Archive for Capital & Interest
Cool Quote From Mises
Came across this while reviewing something for a client… We are the lucky heirs of our father and forefathers whose saving has accumulated the capital goods with the aid of which we are working today. We favorite children of the age of electricity still derive advantage from the original saving of the primitive fishermen who, [...]
Read moreWhy Wages–>Labor Is NOT Like Interest–>Physical Capital
My last post on this topic was a bit technical, so let me break it down a bit. This post will still probably only appeal to actual economists, whether professional or amateur, because these issues get so nuanced. But I will try to keep the discussion in plain English. The claim I want to establish [...]
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