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Central Banks Are Not Innocent Bystanders

demand curve
Tags: Money and Banking, Other Schools of Thought, Money and Banks
Mises Wire Ryan McMaken
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Mises Daily Monday by Peter St. Onge: 

The Economist recently opined that interest rates don't affect investment. This claim is based on an empirical study that contradicts what we already know: that lower prices lead to more demand. In the end, the problem lies with the researches who fail to account for the behavior of central bankers.

 

 

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