Replying to Avatar jimmysong

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.
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Galetaire 1y ago

Do developed countries have all low interest rates? What is the interest rate usually in development countries?

I feel is more about using you position of power. You lower them because you can, others can't.

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