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Interest Rates and the Nature of Profit | The Twilight of Gold Series | Episode 12 (WiM186)
The "What is Money?" Show
What Is the Price of Money?
David Frum: Cheap money is a political construct to support the idea that money has a price. He says there's no longer any organic competition among buyers for interest contracts. And so in doing so, the fed introduces gratuitous credit into te economy. This does have the effect of lowering interest rates, but it has the effect of giving you less income if you are a buyer.
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