Debunking Economics - the podcast cover image

Rate rises and inequality

Debunking Economics - the podcast

CHAPTER

The Importance of Interest Rates in Finance

Finance sector makes more money out of speculation that it makes out of investment. It's easy for the finance sector to say, okay, what do you want to borrow? Well, just check and see what the house prices are in your local region. That's brain dead calculations. If you want to see sensible finance, then you want to have intelligent people actually making decisions about whether that technology sounds like it's viable or not.

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