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2min chapter
The Bank of England’s totally wrong response
Debunking Economics - the podcast
The Role of Interest Rates in the Economy
In the UK it's become more of an issue because of the supply chain hasn't come back fully. The main thing determining people's willingness to invest is not the rate of interest which is discounting future rate of return but what the future innings themselves are expected to be. If you have expectations of profit you'll invest despite high interest rates if you have no expectations of Profit you won't invest despite low ones. i've got this great idea for a new phone called an iPhone i'd really push ahead with it but just the borrowing cost is too much at the moment, he says.
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