The Economics and Ethics of Interest Rates
Guido Hülsmann examines the interest rate through both economic analysis and moral theology—tracing the debate from Aristotle through Aquinas and Heinrich Pesch to the Austrian School. His conclusion overturns the traditional doctrine: interest income from voluntary lending is intrinsically just and good, both for the contracting parties and for society as a whole, because it funds the division of labor in finance, strengthens social bonds between savers and borrowers, fuels economic growth through longer production processes, and creates a natural saturation mechanism that prevents capital…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.