The government setting interest rates is a form of price control/administered pricing, which is kind of crazy when you think about it.

I wonder what a true free market would look like? Where the price of money (interest rate), would be set by the supply (savings available to invest) being bid on by those demanding it (business community seeking capital).

Instead of what we have now which is prices set by a central entity.

It did always feel weird to me, does it feel weird to anyone else? Or am I missing something?