Braydon Fuller on Nostr: "In an economy with only commodity credit, the interest rate is determined by the ...
"In an economy with only commodity credit, the interest rate is determined by the interaction of individuals' preferences for borrowing and lending at different interest rates. The preferences of these individuals for holding money, borrowing it, or lending it are determined by the quantities of money at their disposal as well as their economic conditions and desires. In a world of only commodity credit, all loans must come from a saver deciding to forgo consumption in favor of earning a positive return on lending." —
saifedean (npub1gdu…6nak)Published at
2024-04-12 19:23:57Event JSON
{
"id": "26e3884d9ff7e158456cc646073de453cef930c50bd942d3046dfd3d9e08c53a",
"pubkey": "1bf9f239dca1636149bc2f3fc334077ae959ea9607cacf945ef8f8bb227dc5e1",
"created_at": 1712942637,
"kind": 1,
"tags": [
[
"p",
"4379e76bfa76a80b8db9ea759211d90bb3e67b2202f8880cc4f5ffe2065061ad",
"",
"mention"
]
],
"content": "\"In an economy with only commodity credit, the interest rate is determined by the interaction of individuals' preferences for borrowing and lending at different interest rates. The preferences of these individuals for holding money, borrowing it, or lending it are determined by the quantities of money at their disposal as well as their economic conditions and desires. In a world of only commodity credit, all loans must come from a saver deciding to forgo consumption in favor of earning a positive return on lending.\" — nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak",
"sig": "96e20cd2227f0c6295996863a85a32e447328904121363dcecefbddbd3c18c0e24c5d0955e891055717a66490bde9763088cc2ec7a014c200a98ef21d0a8d69e"
}
