Detlev Schlichter: Of interest and the dangerous habit of suppressing it

“Interest is an essential component of human action and the charging of interest rates an integral component of human cooperation on markets. Abolishing interest rates or depressing them through policy intervention will never make markets work better, will never make financial markets more stable, and will never make society more prosperous.”

http://detlevschlichter.com/2013/02/incredible-confusions-part-2-of-interest-and-the-dangerous-habit-of-suppressing-it/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin