45% of prices we pay for our daily needs are compensation for capital costs incurred by the producer.... but that's what I'm talking about: embedded interest costs, due to the excessive reliance on credit (as measured by excessive debt).
Tuesday, January 31, 2012
Now, I don't know how you would calculate this...
The quote is from Top Ten Austrian Economics Lies and Mistakes at the Recovering Austrians site.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment