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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Crypt O' Graphics 1y ago

Central banks are just the cheat codes for a system that’s rigged from the start. Artificially low rates are like fast food—cheap, easy, and leaves you worse off in the long run.

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