The "Natural Interest Rate" Is Always Positive and Cannot Be Negative
We're now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of this, and in understanding the impossibility of a negative “natural” or “originary” interest rate, writes Thorsten Polleit. This audio Mises Daily is narrated by Robert Hale.
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Show Notes
We're now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of this, and in understanding the impossibility of a negative “natural” or “originary” interest rate, writes Thorsten Polleit.
This audio Mises Daily is narrated by Robert Hale.