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- It's a myth is that breaking a shopkeeper’s window will ultimately boost the economy. http://bit.ly/2x6ibKK
- Production is declining and this is going to put an enormous amount of pressure on prices down the road. http://bit.ly/2ilUyqo
- To save the stock market while pretending the "recovery" in still on track, the #Fed used low oil prices as its excuse to turn more dovish.
- From FX Street. https://t.co/GlQoCBfVRN
- If #Trump really wants to reduce America's trade deficit he needs to slash regulations and massively reduce government spending, including entitlements. That will free up resources to investment in plant, equipment and worker training that will improve our global competitiveness.
- Had the same 2% inflation assumption used to calculate Q1 #GDP been applied to Q2, the reported growth rate would have been just 1.6%!
- 2008 Was Just a Tremor; The Real Economic Earthquake Is Coming https://t.co/SQo6W8cDxA @SchiffGold
- #Macy's stock price is down over 40% in the past 3 months on weaker sales. This supports my forecast for a weak holiday shopping season.
- Opinions on Thomas Sowell?
- The tax code itself creates incentives, and tax cuts can help change those incentives in positive ways that boost growth. http://bit.ly/2B7pwia
Friday, February 26, 2016
ELI5 - Originary Interest
I'm listening to "Human Action" as an audio book on my commutes, and missed exactly what "originary interest" is. (Paying attention to driving, passengers, and Human Action can require a bit more focus than I can deliver on a consistent basis.) Can someone give me a quick explanation of originary interest? Feel free to dumb it down if that helps. I'll be listening to the chapter again, but I'd like to go back with a better understanding as it seems fairly important.