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10 sats \ 1 reply \ @drlh 2 Nov \ parent \ on: Central banks need escape route from cycle of boom and bust econ
Malinvestment drives the economy.
Malinvestment drives the economy into the ground.
Malinvestment arises due to economic miscalculation because of “unnatural” interest rates.
The natural interest rate is the rate that demand for and supply of money balance. That would be savings and loans.
With the Fed arbitrarily deciding the interest rates, nobody can do proper economic calculation for investments.
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