The main objective of the Nationalists, who were also known as Federalists, was essentially to establish an American version of the British mercantilist system, the very system that the Revolution had been fought against.

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More on Interest Rates and Time Preference

Tags: Money and Banking, Money and Banks

12/02/2017 Frank Shostak

Currently observed negative yields on some European corporate bonds supposedly runs contrary to the positive time preference theory. How can this be?

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