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TIP505: The Price of Time w/ Edward Chancellor
We Study Billionaires - The Investor’s Podcast Network
The Natural Rate of Interest
The great economist John Minne Keynes seemed to have changing thoughts on what economists call the natural level of interest. Could you please ever explain to us what is that concept? And would you argue that it's relevant to manage the monetary policy of today's economy? It's a thorny problem, the question of what's called a natural rate of interest. You can't observe it directly, but you can infer it from whether there is inflation or deflation in the economy. The Vicksal says if the central bank is keeping interest rates too low, then an inflation follows - and this was the rationale for quantitative easing. I say forget about inflation and deflation. There are other things that would be
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