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100 sats \ 1 reply \ @Undisciplined OP 13 Apr \ parent \ on: The Myth of the Equilibrium Interest Rate econ
It took me awhile to wrap my head around this. It's easy to think that the mistake must be that the rate was either set too high or too low, when the problem is that it's set at all.
It's very similar to the debates around open vs closed borders.
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50 sats \ 0 replies \ @grayruby 13 Apr
Neutral rate. But how can something be neutral when someone is pulling its strings.
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