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Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates

Audio Mises Wire

Tags Central BanksThe FedInflationU.S. Economy

11/23/2022Frank Shostak
Narrator: 
Michael Stack

The Fed's predictable response to inflation is based on erroneous economic thinking common with Keynesians. Only a free-market approach can reduce inflation and restore true market interest rates.

Original Article: "Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates"

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Contact Frank Shostak

Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

Original Article: 
Individual Time Preferences, Not the Central Bank, Determine Real Interest Rates