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.

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).

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