Well Rooted Lessons, Odd Offshoots, and the Realization that the Fruit Has Not Fallen Far from the Tree

Leonidas Zelmanovitz ()
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Leonidas Zelmanovitz: Liberty Fund

A chapter in The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I, 2023, pp 355-362 from Springer

Abstract: Abstract It was from my interest in the intersection between monetary and fiscal policy that my decision to start researching on capital theory arose. At first glance, that seems odd, since these fields seem to be miles apart. With this chapter, it is argued that this approach was influenced by Huerta de Soto’s insights about the effects of mismatches between real savings and investments. The reasoning, valid for credit expansion by the banks, is also valid for other forms of destruction and misrepresentation of real wealth, such as when financial resources are diverted from productive investment to pay for current expenses (and unproductive investments) by the state.

Keywords: Capital theory; Property rights; Representation; Fiscal prevalence; Financial repression; Monetary innovations (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-17414-8_28

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DOI: 10.1007/978-3-031-17414-8_28

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