Mises Wire
Author:
Louis Rouanet
Online Publish Date:
the interest rate. But, in a world where credit is highly influenced by the policies of the monetary authorities, it is clear that interest rates are not result of an investment dearth due to slow population growth and the absence of innovation. Today, this theory is being revived with the secular stagnation the boom and bust cycle. Additionally, central banks’ ultra-low interest rates policy will induce entrepreneurs to embark upon less profitable projects and will