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— Neo: What truth?
— Morpheus: That you are a slave, Neo.
2010-07-08
Bob Murphy — Only the Austrian Economists understand Interest Rates
Robert Murphy, from the Mises Institutes explains interest rates, and why, like the price system in a free market economy, it provides a valuable signal and information to the whole economy. He then digs on why and how Keynesians and Central Planners trying to fiddle with interest rates destroy value and societies — all of this in very simple words, and in a very approchable way.
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