SLP153 Philipp Bagus - What Most People Get Wrong About Deflation
Stephan Livera Podcast
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Is There a Time Preference?
Interest rates are manipulated by central banks artificially downwards. Negative interest rates is not something that would occurn on a free market or a sound monetary standard. The peoplea, i mean, this is exactly what happens in the business cycle. People don't have to wait any more. They just indebt themselves and everything becomes much faster. You have to serfice your debt because you're very highly indepted.
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