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2024-08-13 21:12:47

jimmysong on Nostr: Low interest rates in a free market indicate that the people in that civilization ...

Low interest rates in a free market indicate that the people in that civilization have a low time preference. Central banks lowering interest rates is trying to bring forth the fruits of low time preference without any of the work.
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npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42