The Negative Interest Rate: Toward a Taxonomic Critique

Journal of Libertarian Studies, Vol. 2, No. 2, pp. 121-124, 1978

4 Pages Posted: 8 Jul 2011

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Date Written: July 6, 2011

Abstract

A basic principle of Austrian economics is that the originary rate of interest (the rate of discount of future goods compared to present, otherwise identical, goods) can never be negative. The reason for this arises not because capital is productive, nor out of man's psychology. Rather, it is embedded in the very concept of human action.

Suggested Citation

Block, Walter E., The Negative Interest Rate: Toward a Taxonomic Critique (July 6, 2011). Journal of Libertarian Studies, Vol. 2, No. 2, pp. 121-124, 1978. Available at SSRN: https://ssrn.com/abstract=1880749

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

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