Murray Rothbard quote

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One grave and fundamental Keynesian error is to persist in regarding the interest rate as a contract rate on loans instead of the price spreads between stages of production. The former, as we have seen, is only the reflection of the latter.
Murray Rothbard
Murray Rothbard
Murray Rothbard
Born: Mar 2, 1926
Died: Jan 7, 1995

Topics

Reflection, Seen, Latter, Rate, Only, Price, Instead, Between, Spreads, Contract, Error, Persist, Stages, Regarding, Former, Interest, Production, Fundamental, Grave, Loans

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Related Authors

Alan Greenspan, Herbert A. Simon, John Kenneth Galbraith, Milton Friedman, Paul A. Volcker, Richard Thaler, Robert Reich, Thomas Sowell
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