The Myth of the Equilibrium Interest Rate
By Brendan Brown
> The concept of an “equilibrium interest rate” is of limited, if any, aid to our economic understanding. Never mind the persistent popularity which it has enjoyed under fiat money regimes.
The Myth of the Equilibrium Interest Rate
By Brendan Brown
> The concept of an “equilibrium interest rate” is of limited, if any, aid to our economic understanding. Never mind the persistent popularity which it has enjoyed under fiat money regimes.