Around the world, 30 year olds are getting screwed
The David McWilliams Podcast
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The Price of Time, History of the Rate of Interest
The rate of interest is a very fascinating. idea, right? It's maybe the most important price in the economy. This is what I've come to learn over the last while about how crucial the interest rate is and the power that central banks actually wield. If you bring it to zero, there's no way of calculating the company's going bad. So basically, the companies are growing not because of market share, but they're growing simply because they have no budget constraint.
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