Tuesday, November 1, 2011

Capital comes from savings, not credit

http://www.youtube.com/v/zBHnuY51djA?version=3&f=user_uploads&app=youtube_gdata

Watch the full 15-minute video at http://www.goldmoney.com/kolm-turk-interview. Barbara Kolm, of the Hayek Institute, and James Turk, Director of the GoldMoney Foundation, talk about the importance of capital and how it comes from savings, not credit creation. Business and entrepreneurs should be naturally drawn to the Austrian school but in fact most are not familiar with it. Barbara explains the

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