Ep 11: The Myth of Capitalism (with Denise Hearn)
Library of Mistakes
The Role of Interest Rates in the Formation and Breakup of Cartels
The most important factor in the creation and breakup of cartels was the interest rate. Cartels are more likely to break up during periods of high rail interest rates, presumably because higher interest rates require higher immediate rates of return for collusion. And I don't presume to know, you know, entirely, but I do think that according to that study, they should definitely have some influence in terms of ... ability for companies to collude.
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