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Posts Tagged: “time preference“

Rising Long-Term Interest Rates: The Hidden Impact of High Time Preference
In the wake of last week’s FOMC meeting, it’s worth revisiting the economic function of interest rates, which guide economic activity in accordance with societal time preference. In order to suppress the natural rate of interest, central banks must resort to inflation.

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Central Banks Are Messing With Your Mind – Literally
In the March 8 episode of the SchiffGold Friday Gold Wrap podcast, Mike Maharrey emphasized the importance of understanding sound economic theory. And as economist Frank Shostak explained, facts and figures aren’t enough to digest what’s going on in the economy. In order to really make sense of the data one must have a theory, […]