LMR – April 2017

When Böhm-Bawerk died in 1914 Mises was thirty-three years old and well versed in his predecessor’s work. Böhm-Bawerk’s foundational work on Capital and Interest would continue to flourish in Mises’ masterful treatise Human Action, and in the writings of future Austrian thinkers.

Banknotes – April 2017

We all know that long ago the Church condemned usury. As a result, a special monetary device was conceived that allowed religious institutions to borrow great sums of money from the public without committing this sin. That peculiar financial instrument was the annuity.