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Ep. 273 The Austrian Theory of Interest, Current and Future

For a chapter in Per Bylund’s new collection, Bob explained the pure time preference theory (PTPT) of interest, and then offered suggestions for future work on an Austrian theory of interest. He summarizes his chapter in this episode.

Mentioned in the Episode and Other Links of Interest:

The audio production for this episode was provided by Podsworth Media.

About the author, Robert

Christian and economist, Chief Economist at infineo, and Senior Fellow with the Mises Institute.

1 Comment

  1. Dennis Nezic on 01/15/2024 at 3:57 AM

    I’m not sure what this episode was about. Who cares what interest rates people offer in the free market? Both buyer and seller have an infinity of reasons to settle on a certain price, an infinity of factors influence it.

    There are an infinity of reasons why the USD might be valued more than the Yen, mostly political. Math and “economists” have nothing to say here. Nutjob rapture-evangelical neocon christians might, as they push us into ww3.

    Do any mainstream “economists” disagree with the austrian definition of interest, and if so, how does that disagreement manifest in real-world actions?

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