The "Natural Interest Rate" Is Always Positive and Cannot Be Negative

Tags: Praxeology, Money and Banks

04/09/2015 Thorsten Polleit

We're now in the world of negative interest rates, and Mises’s insights about human action are the key to understanding the implications of this, and in understanding the impossibility of a negative “natural” or “originary” interest rate, writes Thorsten Polleit.

This audio Mises Daily is narrated by Robert Hale.

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