Interest Rates and the Nature of Profit | The Twilight of Gold Series | Episode 12 (WiM186)
The "What is Money?" Show
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What's the Natural Interest Rate?
The natural interest rate would be the quant cation of this quality we call time preference. Time preference being always positive, everyone always prefers present satisfaction to later satisfaction. The banks buying the mortgages are doing that with dollars, right? So they're the buyer, right? They're buying this, this future stream of interest,. And so that, i just thank you for that. That was thats sort of helps edify that in my mind"
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