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168. Available now: Principles of Economics!

The Bitcoin Standard Podcast

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The Decline of the Interest Rate

From the Austrian perspective, interest rate is driven by time preference. If time preference were to continue to drop, the interest rate will continue to drop. And so what happens if we didn't go off the gold stand? What happens if we stayed on a hard monetary standard? That is my case for it. I've not heard a compelling counter argument so far. So if anybody here in the seminar has one, please do present it."

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