San Jose Travel

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San Jose Travel on People pay interest because they want things now. It is fairly easy to understand interest paid on a consumer loan as resulting from positive time preference. Böhm-Bawerk extended this idea to cover two cases in which the connection might not be so apparent. First, the net income that accrues from renting the services of a durable good is an agio. The price of a videotape is equal to the discounted value of the stream of services the tape is expected to provide. If one buys the tape at this price, then rents the services, the income received will be equal to the undiscounted total value of the stream of services. The difference between the two is interest. San Jose Travel 2016.

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