Salmasius: High-Water Mark of Early-Modern Interest Theory
Salmasius pointed out that moneylending was a business like any other, and thereby entitled to charge a market price. Competition lowers the price. If one doesn't like high interest rates, the more usurers the better, writes Murray N. Rothbard (1926–1995).
This audio Mises Daily is narrated by Jeff Riggenbach.
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