Principles of Liquidity | The Twilight of Gold Series | Episode 8 (WiM166)
The "What is Money?" Show
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The Nature's Rate of Interest
Interest rate is not specific only to money, it's more specific to capital in generalesy. And a lot of the austrian literature also argues that the natural interest rate should be very clear. A actually reflects aggregate time preference. So the lower the interestry, the lower aggregate time preference and therefore, in many ways, reflects the level a, the level of civilization.
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