AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
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.