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.
Published at
2024-08-13 19:12:47Event JSON
{
"id": "480b5afff9c04d89d5b79bfee3d42b85045deea26c3004688a331262b9f496ec",
"pubkey": "7b3f7803750746f455413a221f80965eecb69ef308f2ead1da89cc2c8912e968",
"created_at": 1723576367,
"kind": 1,
"tags": [],
"content": "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.\n",
"sig": "3c980873ce57aaede3e44125676f21524ed7c647d30d121bcd059dd5712d4c5bbd2c943098aea5d1f4c2862c71b4dc3d082b8fa8b934da4fe07b2da24646c51d"
}
