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The Bitcoin Standard Podcast
247. Can Interest Rates Fall to Zero on the Free Market
Nov 12, 2024
Discover the historical debates surrounding interest rates and usury, highlighting perspectives from great thinkers like Aristotle and Aquinas. Explore the intriguing concept of time preference and how it shapes individual decisions in lending. Delve into the implications of interest in a fiat currency system versus a hard money approach. Learn how a free market could potentially eliminate interest rates altogether. This intellectual journey sheds light on the complexities of economics and the behavior of societies.
42:48
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- The historical opposition to interest rates, rooted in cultural and religious beliefs, highlights the evolving perception of usury over time.
- The time preference theory illustrates how individuals' immediate gratification impacts interest rates, revealing a dynamic market shaped by societal values.
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Course on Economic Decision-Making
A course is being offered that aims to enhance economic decision-making skills among participants from diverse backgrounds, including students and retirees. This course will run from September to June and will feature bi-weekly lectures along with weekly live discussion seminars for global learners. Participants will receive a free book, 'Principles of Economics,' upon enrollment to deepen their understanding of economic principles. The course seeks to provide valuable insights to individuals making daily economic decisions by drawing on the wisdom of historical economists.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode