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The Central Bank Policy Interest Rate vs the Natural Rate
While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate.
Original Article: The Central Bank Policy Interest Rate vs the Natural Rate
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By Mises Institute
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While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate.
Original Article: The Central Bank Policy Interest Rate vs the Natural Rate
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