> **Interest** is the price of [[Credit]], i.e. the cost to borrow money. ## Sources | Source | Quote | | ----------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------- | | [The Origin of Interest](https://www.jstor.org/stable/1883579?seq=1) - The Quarterly Journal of Economics - 1895 | "Is interest a product of capital or is it not?" | | The Price of Time: The Real Story of Interest (Chancellor) | "The most encompassing view of interest is contained in the notion of interest as the ‘time value of money’ or, simply, as the price of time.” |