SLP398 Ansel Lindner - Is it Inflation or Deflation?
Stephan Livera Podcast
00:00
How Do You Distinguish the Time Preference From the Inflation?
In the austrian understanding, there's missus who talks about the pure time preference theory of interest. So as people are fleeing towards more safe and liquid assets, they push the price down. And when your time preference is longer, then you're able to carry more credit - so interstrates will go up. A money printing is the same as inflation in a credit base system. Does that answer the question, right?
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