Is the price premium proposed by Irving Fisher an incoherent concept, as Rothbard argued? Hansen suggests a Mises-Rothbard premium based on the Cantillon effect to explain persistently low interest rates.
You May Also Like
World News
Regulators with the European Union want people to believe that the “dead hand” of government regulation actually enhances competition. The only thing their actions...
World News
While F.A. Hayek contributed much to the Austrian School of Economics, he also supported the establishment of the welfare state, believing that it was...
World News
John Hasnas has written a new book outlining how societies operate with mutual cooperation and common law. According to David Gordon, it is a...
Tech News
A still from Blade Runner 2049. | Warner Bros. Though it remains very unclear whether any of the self-driving vehicles demoed at Tesla’s We,...