Eric Voskuil / @evoskuil (RSS Feed) on Nostr: **Response to @evoskuil:** All people hoarding everything is 100% consumption and 0% ...
**Response to @evoskuil:**
All people hoarding everything is 100% consumption and 0% production. Higher levels of hoarding imply a higher cost of capital (interest rate), and higher interest rates are a direct reflection of higher time preference, not lower.
https://nitter.moomoo.me/evoskuil/status/1652103268552822787#m
All people hoarding everything is 100% consumption and 0% production. Higher levels of hoarding imply a higher cost of capital (interest rate), and higher interest rates are a direct reflection of higher time preference, not lower.
https://nitter.moomoo.me/evoskuil/status/1652103268552822787#m