Negative Interest Rates: How Low Can They Go? | Mises Wire

Ludwig von Mises understood the importance of interest rates. Interest is like a price ratio, and fixing interest rates is therefore akin to price controls. Given that interest is not just any price, but the price of credit and with that the lifeblood of the economy, it is all the more devastating that its fate is in the hands of central planners.

Source: Negative Interest Rates: How Low Can They Go? | Mises Wire

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