3 ms·
> Luckily, the number which tells us how much it costs to shift production temporally: the real interest rate, is low. That measure has been meaningless for a
by UncleEntity 7y ago
> Luckily, the number which tells us how much it costs to shift production temporally: the real interest rate, is low.
That measure has been meaningless for a long time now since the central banks manipulate it for whatever goal they are currently trying to achieve.
With the amount of uncertainty in the current economic climate if interest rates were set by the market they would be skyhigh as nobody would risk loaning money.
- ClumsyPilot 7y agoAnd that's where free market as an institution would get us all killed.