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Jacob Cats
Membre depuis mai 2012
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In a Gold Standard, How Are Interest Rates Set?

- Keith Weiner -

"If people are free to own gold coins directly"
What do you mean, everybody can buy gold coins now

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Début de l'article :Today, short-term interest rates are set by the diktats of the central bank. And long-term interest rates are set in a “market” in which the central bank is obliged to keep coming back to buy ever more bonds, and speculators front-run the central banks to buy ahead of them. The result has been that, for 30 years and counting, the bond price has been rising, which is the same as to say that the rate of interest has been spiraling into the black hole of zero... Lire la suite

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